A
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Hi, this is my first time asking a question.
I got a letter from my mortgage provider, now the Ulster Bank, informing me that my 2 yr fixed mort is now ending. I've 3 options to try to decide on. 1) 2yr fixed at 4.2% 2) varible at 3.9% or 3) tracker at 2.15%
My house is up for sale, has been for nearly 2 yrs, so don't know if wise to take out fixed rate due to penalties for repaying mort back early. IF the house does sell in the next 2 yrs!
I do like knowing what is being paid out for a fixed time and am worried about the possibility of big rate increases. On the other hand, the tracker at 2.15% would, at the minute, save me over e100 a month.
Any advice will be a great help. Thanks
I got a letter from my mortgage provider, now the Ulster Bank, informing me that my 2 yr fixed mort is now ending. I've 3 options to try to decide on. 1) 2yr fixed at 4.2% 2) varible at 3.9% or 3) tracker at 2.15%
My house is up for sale, has been for nearly 2 yrs, so don't know if wise to take out fixed rate due to penalties for repaying mort back early. IF the house does sell in the next 2 yrs!
I do like knowing what is being paid out for a fixed time and am worried about the possibility of big rate increases. On the other hand, the tracker at 2.15% would, at the minute, save me over e100 a month.
Any advice will be a great help. Thanks