4.60% 5 Year Fixed Rate - Worth Changing?

B

BobbyFowler

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This option is available at the moment via a broker. I've got my business + personal account + mortgage with the same bank. Should I show any allegiance with my bank or should I take up on this offer? I'm presuming you can't play 1 bank off another as you might be able to do when looking for Car Insurance? At the moment I've a discounted variable rate which is now 4.75%. Any ideas? I was talking with a bank manager from another bank on another matter & when I brought this up he said I should "bite yer mans hand off with that offer".
 
Has your solicitor not advised you against holding all your accounts with one bank , especially where house & business are concerned???

Our solicitor knows of several cases where when the business went in to the red (may only have been tempoararily) but the bank called in all the loans as there were all with same bank.Poor soles lost their house, business, car etc

makes sense to spread the risks
 
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