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fuzz
Posts: 598 Forumite
admin: please delete this thread - thanks fuzz
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Whats the LTV?
Its a little on the high side, but interest only is going to limit your options so probably not excessively so.
I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.1 -
Would you qualify for interest only with other big banks? If yes then this rate could probably be beaten. Unless your mortgage is quite small that could mean a lot of money saved over 5 years, even with a small difference in interest rate.If not and your current bank is the only option, then I don't see the point of a 2 year fix (compared to variable) as you'd still be exposed to whatever the rates are in 2 years and pay more over 2 years for that privilege.Do they offer any tracker or discounted variable rates?1
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