Hi, I've started the process of buying a property and put down a booking deposit on a place. I just need to get started on the legal and financial stuff . I got pre-approval for a standard variable mortgage but was hoping in reality to have something which would work better for me financially.
I heard it is best to go half fixed, half variable. Is this generally the case ? I have 10% of the sale price to put down, but is it better to put down 5% and put the other 5% in an offset account or redraw facility/
Thanks,
Colin
I heard it is best to go half fixed, half variable. Is this generally the case ? I have 10% of the sale price to put down, but is it better to put down 5% and put the other 5% in an offset account or redraw facility/
Thanks,
Colin