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Mortgage with HSBC. Current Rate expires 31st May. Deals change tomorrow. Hold out or lock in 4.4%?

We have an offer of a fixed 2 year for 4.4%.

This goes up tomorrow.

We've got 4 weeks to look for another rate or lock in 4.4 right now.

I am completely uneducated right now. Any advice?

Comments

  • Nailer99
    Nailer99 Posts: 147 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    The rates go up tomorrow but it would be a strange coincidence if your offer expires tomorrow. Check your offer letter for when it actually expires.

    Also, what is your LTV, as there are better rates than 4.4% out there at the moment?
  • three1ne
    three1ne Posts: 152 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Our house is worth 268k according to HSBC although true value is around 244k 

    our remaining mortgage is 182k. 

    A quick look on Comparethemarkets gave the best rate at 4.3% 2 years fixed. 
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