{"id":139985,"date":"2023-10-23T13:00:36","date_gmt":"2023-10-23T06:00:36","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-a-two-year-fixed-mortgage-or-a-cheaper-five-year-deal\/"},"modified":"2023-10-23T13:18:57","modified_gmt":"2023-10-23T06:18:57","slug":"should-we-take-a-two-year-fixed-mortgage-or-a-cheaper-five-year-deal","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-a-two-year-fixed-mortgage-or-a-cheaper-five-year-deal\/","title":{"rendered":"Should we take a two-year fixed mortgage or a cheaper five-year deal?"},"content":{"rendered":"


\nWe feel very squeezed as our mortgage is heading for a big jump in November but we can\u2019t work out which deal to takeQ My husband and I are remortgaging in November. Our options aren\u2019t the best. We\u2019ve been offered a two-year fixed-rate deal at 5.64% with a product fee of \u00a31,249. If the fee is added to the loan, the monthly repayment is \u00a31,837, or \u00a31,830 if it\u2019s not. The alternative is a five-year fixed-rate deal with an interest rate of 5.23% and product fee of \u00a31,249. If the product fee is added to the loan, the monthly repayment is \u00a31,745 and \u00a31,739 if it\u2019s not.My question is would it be better to remortgage with the two-year fixed-rate and hope interest rates are lower when we come to remortgage again or go for the five-year deal which works out less a month at the moment but for a longer period of time. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should we take a two-year fixed mortgage or a cheaper five-year deal?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We feel very squeezed as our mortgage is heading for a big jump in November...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-139985","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ApP","jetpack-related-posts":[{"id":132230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage\/","url_meta":{"origin":139985,"position":0},"title":"Should our savings go towards the help-to-buy loan or overpaying a new mortgage?","date":"December 5, 2022","format":false,"excerpt":"\r Our five-year fixed-rate deal ends soon, we have saved \u00a3100,000 and need the best remortgage strategyQ My husband and I purchased a property in May 2018 for \u00a3600,000 using the London help-to-buy scheme. We took out the maximum help-to-buy loan of \u00a3240,000 and put in a \u00a330,000 deposit. At\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-homeowners-scramble-to-remortgage-as-interest-rate-rise-looms\/","url_meta":{"origin":139985,"position":1},"title":"British homeowners scramble to remortgage as interest rate rise looms","date":"October 28, 2017","format":false,"excerpt":"\r Rush for dwindling supply of fixed-rate deals as Bank of England is expected to increase base rate this weekHouseholders have been scrambling to grab fixed-rate mortgages before Thursday\u2019s expected interest rate rise, which would lead to the first increase in monthly loan payments in a decade.Staff at the big\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-remortgage-now-even-though-my-fixed-term-hasnt-ended\/","url_meta":{"origin":139985,"position":2},"title":"Should I remortgage now even though my fixed term hasn\u2019t ended?","date":"November 30, 2021","format":false,"excerpt":"\r With interest rates looking likely to rise, I might be able to bag a better deal by switchingQ I\u2019m just coming into the final year of my five-year fixed-rate mortgage (it ends in January 2023). With interest rates looking likely to rise, is it worth me remortgaging now and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125589,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-happens-if-i-remortgage-two-or-three-years-into-a-fixed-rate-deal\/","url_meta":{"origin":139985,"position":3},"title":"What happens if I remortgage two or three years into a fixed-rate deal?","date":"March 21, 2022","format":false,"excerpt":"\r I\u2019m an older first-time buyer and I\u2019m confused about how my payments will change over timeQ I\u2019m an older first-time buyer and intend to get a mortgage on a property that is worth no more than \u00a3110,000. The mortgage period is 15 years and I have a 15% deposit.As\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-remortgage-for-the-final-18-months-of-my-loan\/","url_meta":{"origin":139985,"position":4},"title":"Should I remortgage for the final 18 months of my loan?","date":"November 19, 2018","format":false,"excerpt":"\r I have an interest-only mortgage and I\u2019m a bit concerned in case the rate goes upQ My current fixed-rate mortgage deal ends about 18 months before my mortgage comes to an end in 2022. It\u2019s an interest-only mortgage so the last \u00a340,000 should be paid off by my endowment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/remortgage-now-to-grab-a-cheap-fixed-rate-deal-before-theyre-gone\/","url_meta":{"origin":139985,"position":5},"title":"Remortgage now to grab a cheap fixed-rate deal \u2026 before they\u2019re gone","date":"October 13, 2017","format":false,"excerpt":"\r An expected interest rate rise means lenders are pulling their cheapest deals. We survey the best left on the marketIt\u2019s crunch time for anyone thinking about switching to a new\u00a0mortgage, after a string of lenders hiked the cost of their fixed-rate home loans.During the past few days, lenders have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139985"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=139985"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139985\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}