mortgage

10°C, and rising

That cold never did materialise, I felt fine the next day. I’m off soon to switch mortgage, my fixed term runs out next month and it reverts to a tracker, but interest rates are so low I should get a new fixed rate term to hold it low for years.

It’s a strange thing to shop for- nothing like choosing a TV or Hifi. There is none of the materialistic glee from a new feature in your home. A re-mortgage will give you a huge saving in about 18 years. Nothing you can reach out and touch then. It’s even worse than paying out for a big repair. The car is the worst for this, you have your card swiped for £300 and drive the car home, feeling the same as before. It’s no wonder that few shoppers jump ship to another energy provider/mortgage/phone company. The root of the problem is that it’s all so boring.

Anyway, no decisions yet, but the main contenders are fixed rate for 5 years, tracker for 2 then onto fixed, or variations on those (18 or 15 years). I’m playing with a spreadsheet to find the one. Open Office Calc works well.
It’s warm enough for shorts now.

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