Ducati Sporting Club UK > General > Idle Chat > you financial boys and girls..........

[andyb]

Originally posted by Redruth
Fixing is good for people whose income is unpredictable and they are trying to stay within a foreseeable budget. If your mortgage represents a large chunk of your monthly outgoings, and a 1% hike in interest rates could cripple you, I'd recommend fixing.

I fixed for 2 yrs when I bought this house just so that I know what my mortgage will cost and most fixed rates are competitive at the moment. What's more, you'll kick yourself if interest rates escalate during that potential fixed period and you've stuck with the variable rate.

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When your on a low income like me every penny counts.........