Do I take 3.99 fixed for 5 years or 2.0% above base variable?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Mortgage
Collapse
X
-
Mortgage
...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
-
take the 4% for five years and forget about it and move on
with what is reckoned to be coming I wouldn't like to have 2% above base rate during the coming years
Milan. -
I'm tending to the fixed as well. I'm literally off to see the broker this minute so will let you know what happens.......my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
Comment
-
Why can't you take variable for now and choose later (obviously you risk losing 3.99) but **** it.Originally posted by Lockhouse View PostI'm tending to the fixed as well. I'm literally off to see the broker this minute so will let you know what happens....
Anyway. Take an offset.What happens in General, stays in General.You know what they say about assumptions!Comment
-
I'd go tracker if I needed a mortgage.
Interest rates aren't going anywhere no matter how high inflation gets.Comment
-
I beg to differ. There was much song and dance made recently of proposed talk on talks about the possibility of a 0.0000000000000000000000001% rise in base rates if inflation rages above 10% official (1000+% reality). In the end it came to nothing.Originally posted by DimPrawn View PostInterest rates aren't going anywhere no matter how high inflation gets.Comment
-
Absolutely agree with that. If nothing else as contractors we have to maintain a warchest so an offset makes a lot of sense as let's face it there's bugger all interest being paid on savings that are accessible.Originally posted by MarillionFan View PostAnyway. Take an offset.Comment
-
My warchest is all in myco - no sense in paying tax if I don't need to so didn't go with an offset.
Hedged. Took my current mortgage over at 0.63 above base for half and 3.99 fixed for 3 years for the additional. At the end of the three years hopefully I'll have made a decent dent in it anyway....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
Comment
-
Also when everyone's at it, can I add another question. What is a smart move? Taking a longer duration and hence reducing the monthly committment, and paying off early as and when possible, or Take a 5-15 year mortgage, with higher committments.Comment
-
Looks left. Looks right. Looks up.
Mmmmmm. No-one has said it.
A mortgage? No contractor ever needed a mortgage. Pay him in cash and tip the estate agent an extra 50K for your time!What happens in General, stays in General.You know what they say about assumptions!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Data Kraken v Torry Harris: 5 lessons for software developer contractors Today 06:09
- Loan Recall Case Study: Amanda Yesterday 06:00
- How IR35 inflated an £8.5bn consultancy bill — and tests Burnham at the Budget Aug 28 07:47
- Autumn Budget 2026: FCSA’s 5 contractor asks of John Healey Aug 27 04:15
- Andy Burnham's Zoom gripe doesn’t apply to IT contractors, say recruiters Aug 26 03:41
- Check your Loan Recall paperwork for the Isle of Man: it could matter Aug 25 03:27
- Budget 2026: Contractor advisers ask for ‘IR35 reset’ Aug 24 04:57
- Why might an umbrella company fail to pay its total tax bill to HMRC? Aug 18 06:08
- Contractors, here are the late payment fixes that the Lords just turned down Aug 17 08:03
- How will HMRC's Direct Debit plan affect contractors paying VAT and PAYE? Aug 13 23:54

Comment