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Porting Mortgage with Top up
Needmoreinfo101
Posts: 2 Newbie
Hi,
Looking for some advise.
I am currently on a fixed 1.69% rate until feb 2025 to which im porting to the new property with an additional top up mortgage.
I need advise on whether to fix the top up mortgage for 2 years or 5 years.
The 2 years is an extra £25 a month which isnt the issue i need advice with whether if labour do win the election are rates likely to go alot lower as a simple google search says rates will go up in the long run if labour get in. So am i best fixing for 5 years on top up mortgage to protect the 4.59% rate ive got for 5 years??
Any advise is greatly appreciated.
Thanks
Looking for some advise.
I am currently on a fixed 1.69% rate until feb 2025 to which im porting to the new property with an additional top up mortgage.
I need advise on whether to fix the top up mortgage for 2 years or 5 years.
The 2 years is an extra £25 a month which isnt the issue i need advice with whether if labour do win the election are rates likely to go alot lower as a simple google search says rates will go up in the long run if labour get in. So am i best fixing for 5 years on top up mortgage to protect the 4.59% rate ive got for 5 years??
Any advise is greatly appreciated.
Thanks
0
Comments
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or labour could force them up lolDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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Or global influences could send mortgage interest rates down or up.0
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