Yep, fixed is what I intended anyway. Just need to decide whether to go for a 3 year or 5 year deal.
Cheers.
Explained it to my missus 3 times and all I get is blank looks.
This one is less than 2% for 5 years.Fixed rates just now are tremendous value - as low as 2.5% for 5 years. I cannot see many scenarios where this wouldn't be the best option. I'm not sure I completely agree with the fear of Brexit or recession causing interest rates to rise - I think if anything it will see rates stay low or even fall. I understand the argument that inflation may rise from a weak pound and the BoE would be forced to raise interest rates to keep inflation in check. However that would be a short-term impact (unless the pound just kept on falling). The BoE will want to keep rates low in that scenario to keep the economy buoyant. I'd be more worried about interest rates rising because growth starts to bound along very nicely.
This one is less than 2% for 5 years.
Sounds like a bargain.
Where is that? Might have to have a look.This one is less than 2% for 5 years.
Sounds like a bargain.
Our last one was 2.69% fixed for 2 years. This one is 1.99% for 5 years.Where is that? Might have to have a look.
Think mine is about 3.2 at the minute
Our last one was 2.69% fixed for 2 years. This one is 1.99% for 5 years.
Santander.
Need to read the small print.
Almost exactly the same deal. They had 1.99% over 3 years or 5 years.I fixed 24th June. I waited for the results of Brexit first, I think I was a little hasty as the interest rates had dropped slightly since. I got 1.99% with Santander fixed for 2 year. Have a look over payment calculators, the one on Money saving expert is very good. I over pay mine by a fair amount. If I keep it up I should be mortgage free by mid 30's.
Almost exactly the same deal. They had 1.99% over 3 years or 5 years.
No fee. I am already with Santander anyway, so this is just a new deal with the same mortgage lender.
Looked at other lenders but they all had a fee of between £1,000 and £1,500.
Yes. Sorry, meant to say, mortgage still over the same period of time. It is just the previous deal that is about to run out.If it's the same lender then take it - I assume the period of loan remaining is the same?
Yeah, get that.I have a two year fixed with NatWest but we have decided to sell and hope if this sells they will allow me to move the mortgage as we hope to buy a cheaper property, if not we are one year in next month so can buy out for about £1500, next time I will fix for as long as possible as I can't be bothered pissing around every two years and having to deal with the mortgage people.
I'd like to know the logic behind such a restriction?Fix it whist the rates are low - I have just bought a new house as I needed an upgrade now we have a little one. I wanted to fix it for 5 years but as its a new build I'm not allowed too I can only fix it for 2 years.
I move in to my house in 3 weeks on Friday
You will naturally end up paying slightly more as let's face it, it's expert opinion on where the rate is likely to go that they employ.
Only from experience Mr trench.No reason to suspect you will pay more. Fixed rate mortgages are based off interest rate swap rates in the London derivatives market. They are calculated to be neutral against the market's expectations on future base rates.
I'd like to know the logic behind such a restriction?
Seems very arbitrary.
A house is a house after all.
Sounds like someone should bring about a class action.
Maybe I'm missing something logical, all houses were new at one point weren't they!
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