Thread: Mortgage advice please.
View Single Post
Old 05-03-2009, 08:04   #1
STONEISLAND
Inactive
 
STONEISLAND's Avatar
 
Join Date: Jun 2004
Location: LCFC Blue Army!
Services: V + HD V Telephone V Cable 20MB
Posts: 2,559
STONEISLAND has reached the bronze age
STONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze ageSTONEISLAND has reached the bronze age
Mortgage advice please.
I’m on a fixed rate at a stupidly high interest rate of about 6% as I set my mortgage up on a 2 year fixed rate before the ‘credit crunch’. Rumour has it today there going down to .5%!!!!

I have about a year and quarter to go on my mortgage. The question is it worth paying the penalty (not to sure at this stage I guess about a grand or two????) to come out of it and re-mortgaging on a much lower rate?

TIA
STONEISLAND is offline   Reply With Quote