I've the current mortgage offers at the moment and not being any good with finance, i have a clue what to go with and was really hoping for a bit of help on this matter.
1. Base Rate plus 1.99%. So 2.49% today (Set up fee of £1000) - For life
2. Banks base rate less 0.95%. So 3.94% less 0.95% so 2.99% (Set up fee of £300) - For 2 years then reverted back to bank rate of 3.94%
Obviously these are fully dependant on the rate of both the bank and of the BoE.
Which of these looks at first hand the most sensible to chose from. Feel a bit lucky I get to chose as lots of my friends cant even get mortgages, so its good to have a choice.
Help would be really appreciated on this. Obviously this is purely one persons advice and it'll be my decision to go with whichever I chose to go for.