Fixed vs Floating: how about 50/50?

boxabirds

Hi all -- so if you're struggling with the dilemma of fixed vs floating for remortgage like I am, has anyone any experience with a 50/50 split?

In NZ you can get half your mortgage fixed and half floating. This seems to be a sensible hedging strategy but I'm not sure it can be done here without the second part of the 50% being considered a second tier mortgage and thus attracting a higher rate.

Anyone with experience / suggestions around this?

poppy10_2

I've not heard of any company offering such mortgages over here.

Wutang_2

The old "fixed vs floating dilemna".....I would say fixed but then again floating is an option too. So thats it - fixed and maybe throw an element of floating in there too. in essence, thats mainly fixed but with floating in the mix also. There is always scope for a bit of floating but fixed sounds like the best way forward. It truely is a dilemna.