fixed versus variable (first time buyer)

  • Thread starter jenny0132519
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jenny0132519

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Ive just purchased my first home with a friend, and have received a pretty good offer of 100% mortgage with first active, as were decorating the house(its newly built) were planning on paying the minumum off our mortgage for 6 months to a year, if we go fixed the rate is 5.3% and if we go variable its a current account mortage the rate is 4.9% we dont really know which one to go for as everyone is saying the rates are going to go up. would really appreciate some advice. thanks
 
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