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Advise on fixed or variable please.
gunboat4
Posts: 81 Forumite
Hi. I owe £22,670 left on mortgage over the next 4yrs 4 months. I am in discussion with my lender ( West Brom ). I have the option on staying with the variable rate which is currently 6.49% or going over to a fixed 5.04% for a 2 yr period. I do have the option to over pay on both if we are able too. At the end of the day I don’t think it involves huge amounts of money as we don’t owe so much. I know talk is of rates coming down but I’m edging towards changing to the fixed? Any advice on what you think would be best? Thankyou .
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Can I ask if this post is visible please. I thought normally you could see how many views the post has had, it’s just I have nothing indicating this. Thanks.0
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Yes, you can see it.gunboat4 said:Can I ask if this post is visible please. I thought normally you could see how many views the post has had, it’s just I have nothing indicating this. Thanks.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.1
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