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Should you take a fixed or variable rate mortgage? (and what's the difference?)

  Рет қаралды 8,095

Vantage Mortgages

Vantage Mortgages

Жыл бұрын

Should you take a fixed or variable mortgage? Deciding which mortgage to go for has always been tricky. There are so many options when it comes to mortgages so advice from a mortgage broker is always a must!
But nowadays it is not as straightforward, with the economy unsettled and world events affecting interest rates the decision is even harder!
In the past most people have tended to just opt for a fixed rate. I mean why wouldn't you with rates so low it has made sense.
But now fixed rates have dramatically increased but the equivalent tracker rates have not gone up so much. One has stability at a higher rate, the other is lower but not as stable... which will you choose?!
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Пікірлер: 12
@cozbibibi711
@cozbibibi711 6 ай бұрын
Like you said it is abit of a gamble is all it is it seems you only need a fixed tarrif around october to January but you can only recieve a deal at the beginning of the year If you use more than the estimated energy would a fixed price change at all to go up by a small amount or hundreds
@jackuk4431
@jackuk4431 Жыл бұрын
Very helpful and well explained, thank you.
@mortgageadvice.vantage
@mortgageadvice.vantage Жыл бұрын
Thanks Jack, my pleasure! If you have any questions please feel free to book a free call here: calendly.com/adam-vantage/new-appointment-youtube
@ryanbell4952
@ryanbell4952 Жыл бұрын
Looking at moving house I can get a variable at 2.9 or fixed at 5.05… for me to make a loss in the variable its got to jump 2% pretty early in the term
@mortgageadvice.vantage
@mortgageadvice.vantage Жыл бұрын
You're absolutely right, it makes a lot of sense right now doesn't it! try and get one with no tie-in though so you can fix at any point with no penalty! There are a few lenders that offer this
@idreesmohammed7033
@idreesmohammed7033 Жыл бұрын
Where you getting a 2.9 variable from
@ryanbell4952
@ryanbell4952 Жыл бұрын
@@idreesmohammed7033 it was from vernon but they offer 3.2 now
@pritchardbento3773
@pritchardbento3773 Жыл бұрын
I'm really tempted to go on a tracker I feel that interest rates will go down from end of this year
@mortgageadvice.vantage
@mortgageadvice.vantage Жыл бұрын
Yes we are doing a few at the moment! The next video is about this very thing for this year so be sure to check that out too! should be out on Friday!
@Banana-wb7bp
@Banana-wb7bp 2 ай бұрын
Still waiting for the rates to go down?
@thegadgetzone
@thegadgetzone Жыл бұрын
Fixed rate = £1500 vs Variable rate = £1055 😢😢😢 WHAT DO I DO lol
@mortgageadvice.vantage
@mortgageadvice.vantage Жыл бұрын
Tough one! Maybe variable but make sure it is one with no tie in! If you would like to know which lenders do not have a tie in then just get in touch!🙂
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