Good content! I need to do the remortgage of my new build house in February (5 years fixed rate 2.49%), considering to take 2 year fixed rate right now (4.88%) with a hope that interest rates will drop after that time. Would it be a good decision during this time? I also thinking to pay off my HTB (15%) during this remortgage as my property didn’t increased in value as much yet. But it may change in future. Unfortunately my mortgage payment will increase for 60% of current payment if I decide to do so. What would be the most reasonable move in my case?
In all honesty the best bet is to seek advice. This article explains how you can get a free mortgage review moneytothemasses.com/owning-a-home/mortgages/best-mortgage-brokers-uk
Good content! I need to do the remortgage of my new build house in February (5 years fixed rate 2.49%), considering to take 2 year fixed rate right now (4.88%) with a hope that interest rates will drop after that time. Would it be a good decision during this time?
I also thinking to pay off my HTB (15%) during this remortgage as my property didn’t increased in value as much yet. But it may change in future.
Unfortunately my mortgage payment will increase for 60% of current payment if I decide to do so.
What would be the most reasonable move in my case?
In all honesty the best bet is to seek advice. This article explains how you can get a free mortgage review moneytothemasses.com/owning-a-home/mortgages/best-mortgage-brokers-uk