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Looking at NFS's handy graph reminded me that my first mortgage was taken out in the heady heights of 1989 (13%) and then went up a bit more.
Since then we have enjoyed a nice time at the lower end (6%) for some time.
Given that over this 20 year period, the mid point is around 9-10%, any deal which fixes the rate at around or below 6% for a considerable time has got to be worth looking at.
Don't forget that your payment now will not seem as painful in five years time, and in 10 years, you'll probably wonder what all the fuss was about.
Probably.
But don't ask me, i'm skint.
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Fatbloke
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