You are reading a single comment by @Greenbank and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@Greenbank
23% larger interest payment a month.
For me (~£230k outstanding) that'd be an extra £92 a month for the interest part.
So over 2 years of that would be £2208 extra.
That's less than 1 month of my actual repayment part.
For the security of having a 5 year fix (who knows how Brexit/Covid will affect things longer term) I'd be happy paying a bit more each month, but then I'm quite risk averse.