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    • FIRSTTIMER
    • By FIRSTTIMER 6th Oct 18, 4:21 PM
    • 437Posts
    • 81Thanks
    FIRSTTIMER
    Advice on HSBC/FIRST DIRECT or METRO
    • #1
    • 6th Oct 18, 4:21 PM
    Advice on HSBC/FIRST DIRECT or METRO 6th Oct 18 at 4:21 PM
    Hi,


    I am due to remortgage (80% LTV) 144k against value of 180k.


    Thoughts on Two Year fixed vs Five Year Fixed.


    I am contemplating not moving and not selling the property and maybe renting out say in 3-5 years. Thoughts on all three lenders please. They seem to be at the top of the tables when searching.


    The rates flit between 1.99% Two Year to 2.1/2.2 Five Year. I am thinking 5 year fix is way to go as in two years time the two year fixed avail then will be around 2.4/5%. Even though LTV will drop to 70/75%?


    Advice Much Appreciated
Page 1
    • FIRSTTIMER
    • By FIRSTTIMER 12th Oct 18, 8:01 PM
    • 437 Posts
    • 81 Thanks
    FIRSTTIMER
    • #2
    • 12th Oct 18, 8:01 PM
    • #2
    • 12th Oct 18, 8:01 PM
    bump bump bump
    • mouthscradle
    • By mouthscradle 12th Oct 18, 8:07 PM
    • 995 Posts
    • 1,137 Thanks
    mouthscradle
    • #3
    • 12th Oct 18, 8:07 PM
    • #3
    • 12th Oct 18, 8:07 PM
    Can't help with the 2 vs 5 year argument, as we've just been through the same deliberation.

    But we've been with First Direct for a couple of years now and are in the process of porting and taking out additional borrowing. Can't fault them at all. I've banked with them for 8 years and wouldn't leave. Always extremely friendly and helpful, and always a UK based person who answers the phone.
    Mother, wife, scientist, analyst.
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