I'm a FTB. I bought a house a year ago and chose the following mortgage:
Post office
Fixed for 5 years
4.99%
This was based on a 10% deposit and my single income.
I see loads of other officers which are less because it's variable or tracker. I justified my choice by thinking "at least I know it's fixed and what I'll pay for 5 years".
I've got 4 years left on this mortgage deal.
Have I made a bad choice?
Post office
Fixed for 5 years
4.99%
This was based on a 10% deposit and my single income.
I see loads of other officers which are less because it's variable or tracker. I justified my choice by thinking "at least I know it's fixed and what I'll pay for 5 years".
I've got 4 years left on this mortgage deal.
Have I made a bad choice?