15 year FixedFixed 15 years
As they always priced forward the recruited expected, unless you are able to hit the specialists, if you guess when the Fed rate will increase, I would go ahead with your re-mortgage schedule whenever is comfortable for you.
To put it another way, you will already be feeling the effects of the anticipated increase today, even though it has not yet been ratified. Deviation from you is expressed in base points (one-digit per cent of interest), nothing significant in the great pain of things. However, the disadvantage of having to wait is that if interest levels increase and the expectations of a rising interest level are affirmed, the forward yield curves can move upwards and, according to the Fed's terminology, you may have to increase your payments by a fourth or even half a per cent.
Please talk to your mortgages advisor in detail, as the stated micro point of view may or may not be appropriate for your particular situation.
Britannia's 15-year fixed-rate mortgages
Are you looking for a long-term mortgages with more flexible terms? You can find it at Britannia! Are you looking for a long-term mortgages with more flexible terms? You can find it at Britannia! Our 15-year unsurpassed fixed-rate mortgages allow you to take full advantage of the safety of a long-term fixed-rate loan with a little more versatility. You have a two-month period every three years to change to another Britannia mortgages, pay over any amount or repay your mortgages without prepayment penalty.
Outside this range, however, prepayment penalties are payable for a period of 15 years. YOU CAN REPOSSESS YOUR HOUSE IF YOU DO NOT MAINTAIN THE PAYMENTS ON YOUR LOAN. Remember, if you are a first purchaser or a Britannia remortguarantee, you will get a 40 pound gift voucher for the store when you complete your loan.
The Britannia Building Society is licensed and regulated by the Financial Services Authority.