My fixed rate ends in August. Halifax have told me that I can go onto the base rate at 3.99% or fix for 5 years, the interest for the product they would offer at the moment is 4.49%.
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Being in negative equity I believe I will have to stay with them and can't look elsewhere. I'm looking to have paid off the negative and saved a deposit for a bigger property in around 2 years. Halifax say that the mortgage can be taken to the new property.
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I am an absolute mortgage novice. Fixing at 4.49% sounds attractive to me but to be honest I don't know the pros and cons either way. Does anyone have any advice?
!
!
Being in negative equity I believe I will have to stay with them and can't look elsewhere. I'm looking to have paid off the negative and saved a deposit for a bigger property in around 2 years. Halifax say that the mortgage can be taken to the new property.
!
I am an absolute mortgage novice. Fixing at 4.49% sounds attractive to me but to be honest I don't know the pros and cons either way. Does anyone have any advice?
!