Rocksteady
Registered User
- Messages
- 12
You were young naiive and ready for plucking.
1. It was a 385000 mortgage on a 440000 house. Now it's something around 340 on a 440 house.1. Loan to value LTV , eg house worth k100 , mortgage K80.
2. Are you in good steady work
3. Are you with same employer. (would work appear safe)
If it is a case you have low LTV , have good equity in the house etc ,you should get as good a rate as is available and you will get good advice from AAM posters to help you decide on future payments.
This is just nonsense and fuelling Rocksteady's unfounded feeling that he got a bad deal at the time.
Hi Rocksteady
It is always a difficult decision to know whether to fix or not. Look at the discussions today. I strongly recommend against fixing, but there are many on askaboutmoney who think it's a good idea. Maybe they will be posting again in a couple of years asking if they were ripped off.
I suggest you trawl through
Disagree that my comments should fuel Rocksteadys feeling that he got a bad deal at the time.
I strongly recommend against fixing, but there are many on askaboutmoney who think it's a good idea.
If they let you out and you discover next week another bank will refinance you at a better rate/lower repayments are you really going to stick with EBS and pay extra just because they were nice and let you break fixed rate for free?
Well, I was thinking they might let me out of the current fixed term if they could tie me down to another one. They'd lose the higher interest rate for the remaining 11 months but would lock me in for 3-5 years (albeit at a lower rate). Surely, that would be attractive to them?
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