Nailing down the Mortgage Time
Discussion
Evening All,
Decided that whilst interest rates may drop in the short term this is unlikely to be passed on to us mere mortals and then who knows...
So looking at a 5 year fixed and can't find much better than 2.09% fixed and a £1k fee. This has additional convenience as it's with my current lender and could do it online!
I know there are experts on this section so was wondering if this is the best out there?
Would like to get this sorted this week.
PS £450k house with a LTV of 35%.
Decided that whilst interest rates may drop in the short term this is unlikely to be passed on to us mere mortals and then who knows...
So looking at a 5 year fixed and can't find much better than 2.09% fixed and a £1k fee. This has additional convenience as it's with my current lender and could do it online!
I know there are experts on this section so was wondering if this is the best out there?
Would like to get this sorted this week.
PS £450k house with a LTV of 35%.
RedWhiteMonkey said:
How on earth are interest rates going to drop any further, if anything they are going to rise in a desperate attempt to control inflation following the massive weakening of the Pound.
Some rumblings that one of the tactics from BoE is to drop interest rates to enhance liquidity, at least in the short term. This is unlikely to be passed to the general public though and yes in the medium term I think rates may have to rise to combat inflation as you say.I may of course be completely wrong but right now all I know is what my mortgage repayment will be for the next 5 years!
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