Hello..
I've recently purchased a new IP - it will not settle for say 3-4 months.
I will keep this IP for at least 10 years..
My dilemma is do I get a Fixed Interest loan for 2,3 or 5 years or at all ?
The answer surrounds potential interest rate at the end of the "fixed" period.. which is likely to be higher than current rates.
You can fixed a rate around..
4.99% - 2 years , 5.29% - 3 year , 5.69% 5 years.
Comments appreciated.
I've recently purchased a new IP - it will not settle for say 3-4 months.
I will keep this IP for at least 10 years..
My dilemma is do I get a Fixed Interest loan for 2,3 or 5 years or at all ?
The answer surrounds potential interest rate at the end of the "fixed" period.. which is likely to be higher than current rates.
You can fixed a rate around..
4.99% - 2 years , 5.29% - 3 year , 5.69% 5 years.
Comments appreciated.