A day for mortgage hunting. Important, necessary and will save over £7000 over the next decade, but ultimately boring. What else can you do on a wet autumn day at home. I have a slide-rule here on the table.
Day’s best feature- Bessie is home, she seems well and was striding in a springy way round the vet’s when I walked in and she recognised me. she’s been there for four days now. It was sad to be here without the ol’ girl. We thought the worst was going to happen, but she is reinvigorated. Awww.
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.