Posted on: 18th Feb, 2011 04:41 pm
I am coming to the end of a miserable 3 year fixed rate with Cheltenham & Gloucester. I have been paying 5.69% on a repayment mortgage. On investigating my options as my mortgage was taken out before 1/6/2010 I will go onto their SVMR which is fixed as being 2% above base rate . As this is only 2.5% as we currently stand should I go with this or fix again. I was so gutted last time when I fixed it has sort of put me off and this seems a good option obviously interest rates will rise but by the time you look at product fees etc I am not sure if it is worth it. I only have a £70,000 mortgage. Any advice much appreciated