I am no expert on mortgages, not even much of a beginner! However, when picking a mortgage it would obviously help to know the long term forecast of the BOE base rate.
I know it will drop next year but who on earth is in the 5 year knowledge?
I have 2 options, Option 1 is a better deal than option 2 but only if I stick with it for 4 years or more. If I move before 4 years are up, I have wasted much higher setup costs.
Any knowledge is very welcome on the tack ticks behind sensible mortgages.
And for those of you looking for a good comparison site try moneynet.co.uk, however all it did for me was make me question my broker and now I am so full of facts and figures I am absolutely lost.
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