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NickCJ
user49934
there may not be a compulsion to refinance at the end of a fixed rate period, but you would have to be mentally retarded to go from a 1.59pc deal to a 3.99pc SVR and want to do nothing about it.
the problem Donald Loin is going to have, is he is spending 800k on a house which may well be worth 100k less than that in 3 years time. He will get stiffed on his valuation and he will get stiffed on the deal he can get which is critical when you are talking about a mortgage balance which I presume will be at or around the 500k mark.
we aren't talking about shitty 50k houses in leeds or wherever which is probably what you deal with - this is big boys stuff.
still whatever, its your life, and his.