Hello all!
So we have 85% LTV and are currently on Nationwide SVR rate (3.99%) since our product finished last April (This was 4.63%)
There is a deal with the COOP where we can fix for 5 years at 3.79% with no upfront fees, which is tempting.
My question is, should we be thinking about fixing or is there a mortgage rate war on the horizon that we should hold out for?
I understand that nobody knows for certain but the BoE rate is "predicted" to stay low for a while yet, and there's been some sort of government injection towards bank lending that I hear about.
Anyone have any thoughts?
Thanks for any help in advance! :-D
So we have 85% LTV and are currently on Nationwide SVR rate (3.99%) since our product finished last April (This was 4.63%)
There is a deal with the COOP where we can fix for 5 years at 3.79% with no upfront fees, which is tempting.
My question is, should we be thinking about fixing or is there a mortgage rate war on the horizon that we should hold out for?
I understand that nobody knows for certain but the BoE rate is "predicted" to stay low for a while yet, and there's been some sort of government injection towards bank lending that I hear about.
Anyone have any thoughts?
Thanks for any help in advance! :-D