My fixed term is coming to an end, at the moment the variable rate that it will automatically change to would save me a fair few bob. I don't really have the spare cash to shop around and be charged fees, and as it's a 50% equity mortgage my options are limited anyway. My fixed was 6% or something and the variable is down to 5% at the moment, making it currently a better position for me.
Does anyone have any knowledge of the market, should I pay the £60 and renew my fixed term for another 3 years at the higher percentage, or stay on the variable rate?
I know the logical thing is to speak to a mortgage advisor, but I don't like speaking to people on commission. Call me paranoid.
Does anyone have any knowledge of the market, should I pay the £60 and renew my fixed term for another 3 years at the higher percentage, or stay on the variable rate?
I know the logical thing is to speak to a mortgage advisor, but I don't like speaking to people on commission. Call me paranoid.