We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should I fix today for 5 years?
fiddle_sticks
Posts: 5 Forumite
Hi. Current 3yr fix Mortgage with Nationwide ends next month.
Can do a straight 5yr fix now at 4.2% for 15% more per month than paying at moment. No fees.
15yr left on Mortgage.
Can't see any dramatic fall in rates in coming years so for peace of mind it looks a fair deal.
Any advice appreciated.
Can do a straight 5yr fix now at 4.2% for 15% more per month than paying at moment. No fees.
15yr left on Mortgage.
Can't see any dramatic fall in rates in coming years so for peace of mind it looks a fair deal.
Any advice appreciated.
0
Comments
-
If that's what you think and peace of mind is what you want, then fix.fiddle_sticks said:
Can't see any dramatic fall in rates in coming years so for peace of mind it looks a fair deal.0 -
Many of us didn't expect BoE to drop the rate in August, I thought it'd be near the end of the year. I'd just go for it and fix for the 5 years for PoM if that's what you're after. I just went for a tracker, let it swing with the wind! 🤔I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.Mortgage debt start date 11/2024 = 175k (5.19%)... Q1/2026 = PAID (3.94%)1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.7K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.5K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards