Mortgage Experts??.........
#1
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So, what would you do right now??
Currently we're on the SVR at about 1.5% (Nationwide, can't remember without looking), however our Mortgage Advisor has called us this week to tell us that we should be considering a fixed deal soon as rates are on the up.
Best deal we've been offered, right now, is 4.4%. Do we take it or wait?
Opinions?
Currently we're on the SVR at about 1.5% (Nationwide, can't remember without looking), however our Mortgage Advisor has called us this week to tell us that we should be considering a fixed deal soon as rates are on the up.
Best deal we've been offered, right now, is 4.4%. Do we take it or wait?
Opinions?
#2
PassionFord Post Troll
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Rates on the up? Since when? It'll take at least another year for them to rise a whole 1% Best bet is to stay on the low base rate for the time being. (keeping an eye on the market and base rate possible rises)
My mortgage came off a fixed rate in May and I'm quite happy leaving it on base rate and not spending £500-£1000 on "arrangement fees" to fix it any time soon.
In my opinion anyway, and that's all it is - an opinion.
(For what it's worth I've done the 1st year of the Chartered Insurance Institute IFA course so I have at least some knowledge and background of the market http://www.cii.co.uk/cii.aspx )
But do take advice from a registered Independent Financial Adviser.
My mortgage came off a fixed rate in May and I'm quite happy leaving it on base rate and not spending £500-£1000 on "arrangement fees" to fix it any time soon.
In my opinion anyway, and that's all it is - an opinion.
(For what it's worth I've done the 1st year of the Chartered Insurance Institute IFA course so I have at least some knowledge and background of the market http://www.cii.co.uk/cii.aspx )
But do take advice from a registered Independent Financial Adviser.
#3
............
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I'd be keeping a firm eye on the market with a view to fixing soon, as soon as the rates look like they might go up the deals will be gone. I'd count your blessings, enjoy the luck you've had recently and find the best 5 year fixed you can, if you want to be sure of your outgoings, if you are more flexible with your payments then you can be more flexible with your mortgage
#5
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Having a wife who works for one of the largest commercial and private property compnies in the uk and in international company and seeing all of their internal forecasts etc i'd deffo fix for more than 3 years...........
#6
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i jus got my mortgage done fixed at 4.5% best to do it before rates go up n they probably will in the next year or so! depends if u wanna move any time soon aswell
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#8
Testing the future
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Rates on the up? Since when? It'll take at least another year for them to rise a whole 1% Best bet is to stay on the low base rate for the time being. (keeping an eye on the market and base rate possible rises)
My mortgage came off a fixed rate in May and I'm quite happy leaving it on base rate and not spending £500-£1000 on "arrangement fees" to fix it any time soon.
In my opinion anyway, and that's all it is - an opinion.
(For what it's worth I've done the 1st year of the Chartered Insurance Institute IFA course so I have at least some knowledge and background of the market http://www.cii.co.uk/cii.aspx )
But do take advice from a registered Independent Financial Adviser.
My mortgage came off a fixed rate in May and I'm quite happy leaving it on base rate and not spending £500-£1000 on "arrangement fees" to fix it any time soon.
In my opinion anyway, and that's all it is - an opinion.
(For what it's worth I've done the 1st year of the Chartered Insurance Institute IFA course so I have at least some knowledge and background of the market http://www.cii.co.uk/cii.aspx )
But do take advice from a registered Independent Financial Adviser.
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