Do I take 3.99 fixed for 5 years or 2.0% above base variable?
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...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...
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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...
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Why can't you take variable for now and choose later (obviously you risk losing 3.99) but **** it.Originally posted by Lockhouse View Post
Anyway. Take an offset.What happens in General, stays in General.You know what they say about assumptions!Comment
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I'd go tracker if I needed a mortgage.
Interest rates aren't going anywhere no matter how high inflation gets.Comment
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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 PostComment
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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 PostComment
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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...
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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
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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
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