Today, HSBC have launched a 7 year fixed rate mortgage at 4.89%. The length of the fixed rate is its virtue and also its vice. You are buying an extended guarantee but giving up on flexibility, as your circumstances will almost certainly change. I understand that the mortgage is portable but the length of the fix could be longer than most first times buyer’s relationships. As normal there is a redemption penalty to break the contract with in the first 7 years.
Why use Neil Soundy Financial for advice on your mortgage in Cardiff?
We will give you independent impartial advice on every mortgage from every lender.
View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
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