Mortgage...
Apr. 29th, 2008 06:49 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
annwfynI've just taken a new fixed rate mortgage with Abbey.
I had to hand over a cheque for £924. I am staring in blank horror at my bank balance. And on top of that, my mortgage will still be going up by £90 come August.
However, I am informed that in the time it has taken me to decide whether to accept Abbey's offer on a new fixed rate, the rates on offer have got worse and my 5.8% interest rate is half a point lower than the next best offer available via Abbey right now. It's also fully portable so if I move house I can take the mortgage with me, and I can overpay by up to 10% every year.
*sighs*
At least this is one less thing to worry about. My mortgage is now fixed for another two years. I know how much I need to pay, I know that my house won't get taken away from me. And that makes me feel a bit better.
There's a next step to come somewhere. I just need to work out what that is.
I had to hand over a cheque for £924. I am staring in blank horror at my bank balance. And on top of that, my mortgage will still be going up by £90 come August.
However, I am informed that in the time it has taken me to decide whether to accept Abbey's offer on a new fixed rate, the rates on offer have got worse and my 5.8% interest rate is half a point lower than the next best offer available via Abbey right now. It's also fully portable so if I move house I can take the mortgage with me, and I can overpay by up to 10% every year.
*sighs*
At least this is one less thing to worry about. My mortgage is now fixed for another two years. I know how much I need to pay, I know that my house won't get taken away from me. And that makes me feel a bit better.
There's a next step to come somewhere. I just need to work out what that is.
