End of fixed deal

SALOPMAN

Hi
Help needed, just finishing 5 yr fixed deal with RBS - originally in letter in feb they offered me 5.85 on fixed for 5 years - at £699 arr.fee,then today i phoned and it had reduced to 5.65 - the guy on phone said they were waiting for new rates and to ring back in a week - after much consultation with others I have decided that if it reduces to 5.45 I will snap their hands off as its much easier to stay with current supplier. Would you agree??

herbiesjp

Do you think it will go down to 5.45%?

So many people have missed the boat with deals recently (lenders issuing new rates, puling rates, issuing revised rates all within days) as the whole market is jittery.

If you see a good deal, just go for it, as the liklihood is, it will not be there for long! Don't hang around in the hope of a better deal, as mortgage rates have been going up, and you could end up with 6% (just an example)