Is your A&L fixed rate about to end?

cheghead

then think about switching to their boe base rate+0.75 (5.5% currently)for the time being. It is completely free to switch with no tie-ins at all. Then you can wait for a another really good fixed deal to come along!

simonkirkland

Or you could go on there current 2yr fixed rate of 4.24%... which is a good deal??

By waiting and paying a higher rate (1.26% more) then you are losing any benefit of waiting for a lower rate? I doubt rates will drop much lower and most providers have just droppped there rate (A+L was 4.44 a week ago)

But it's up to you, I might be wrong and a fixed rate of <4% may come along!!!

Simon

cheghead

simonkirkland wrote:

Or you could go on there current 2yr fixed rate of 4.24%... which is a good deal??

By waiting and paying a higher rate (1.26% more) then you are losing any benefit of waiting for a lower rate? I doubt rates will drop much lower and most providers have just droppped there rate (A+L was 4.44 a week ago)

But it's up to you, I might be wrong and a fixed rate of <4% may come along!!!

Simon

fixed rate deal is not fee free I believe. If you have a low mortgage and a better deal comes along might not be so good! But like u say it's up to individual!