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entwisi · 27-05-2009, 11:30

Posted via Mobile Device
You need to consider all aspects, is there a setup cost on the fixd rate? Do you need to pay legal asects if you go fixed as it would be likely a re-mortgage whereas staying on SVR may not incur any.

With respect to the rates. My view is they will stay low anther 6 months or so then the increase could be as quick as they came down. For this reason Julie and i just locked in at 4.84 for 7 years. Similarly we won't have too long left after that and the fixed cost is somthing i'm happy to have for now.

27-05-2009, 11:30	#5
entwisi God Member Join Date: Apr 2004 Location: Up Bash Posts: 7,827 Blog Entries: 3 Liked: 44 times Rep Power: 4390	Re: Mortgage Rates Posted via Mobile Device You need to consider all aspects, is there a setup cost on the fixd rate? Do you need to pay legal asects if you go fixed as it would be likely a re-mortgage whereas staying on SVR may not incur any. With respect to the rates. My view is they will stay low anther 6 months or so then the increase could be as quick as they came down. For this reason Julie and i just locked in at 4.84 for 7 years. Similarly we won't have too long left after that and the fixed cost is somthing i'm happy to have for now.