with brexit looming fixed rate 2 yr 5 yr or 10 yr deal
elly68
Posts: 2,525 Forumite
Hi Ive a feeling interest rates are about to rocket ,employment up wages up ....
so are u all sticking with variable or fixing your mortgages been offered 3.4 % for 5 years or 2.4% for 2 years .
advice please x:)
so are u all sticking with variable or fixing your mortgages been offered 3.4 % for 5 years or 2.4% for 2 years .
advice please x:)
So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x
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I have a feeling that interest rates will go up, but only small amounts - if they "rocket" then the majority of the country will fold.
Fix your mortgage for as long as you can if its worth it for you or if you want the certainty.0 -
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I meant the economic line we are being fed by the news lolkingstreet wrote: »Sunny uplands for you then?So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x0 -
I believe they will go up slowly however I have just gone for a 5 year fix, 1.99% £500 setup fee at metro bank. I like the security of a 5 year fix and it suits my situation at the moment.0
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Why such high rates and 23k of other debt?0
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I have a diary if you wish to read ,we have had a significant turn in fortunes in wages hence 0% cards to clear should be debt clear in 3 years which will leave just the mortgage,i have been offered remortgage at increased money but i dont wish this . Thanks for highlighting the higher interest rate looks like its because mortgage is for 780000 over 100000 they are lower and over 200000 lower again.I havent tried elsewhere apart from halifax .So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x0
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Interest rates rising is the last last thing the economy needs with Brexit on the horizon.0
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We fixed for 2 years initially, we're now picking 5 years at 2.2% with principality. Might be worth getting a broker to do a whole of market search to see if you can get the mortgage cheaper.. and longer.[STRIKE]1/12/16 - £152,599.00 [/STRIKE]
[STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
11/11/18 - £142,074.00
Barclays Car (5.99%)£0/£8,832.370 -
I'm in the process of switching to a 5 year fix.
Even taking an ERC hit to obtain it (although my mortgage isn't so simple, so it makes it worthwhile).
I think a 5 year fix is definitely worth doing. 2 years is not a long time. 10 years may be too long / you may not be willing to pay the additional premium for a 10 year fix.Current Debt (excluding mortgage) - £7,020
Reducing £450/ month.0 -
hi lotak can I ask who with and rate will have a look at others before signing halifax paperwork .:)I'm in the process of switching to a 5 year fix.
Even taking an ERC hit to obtain it (although my mortgage isn't so simple, so it makes it worthwhile).
I think a 5 year fix is definitely worth doing. 2 years is not a long time. 10 years may be too long / you may not be willing to pay the additional premium for a 10 year fix.So finally debt free and it feels amazing however continuing here to stay debt free.Next declutter house and body and finally swim under that waterfall x0
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