Interview Fixed mortgage Deals

Danny: (00:00)

Should you lock yourself into a fixed mortgage deal or that's the question that we're going to be answering here today.

Danny: (00:14)

Hi, my name is Danny Valencia with my city nest powered by Keller Williams and today I'm joined by Jonathan who is a financial advisor and we're just going to be answering the most common question you get. right?

Jonathan: (00:26)

So that is exactly the question I get regularly asked, should I look into a fixed rate deal and if so, is it two year, three or five year or even longer? Looking the stats of the UK economy, interest rates are at an all-time low and potentially going lower. We'll find out later this month. So, if you want active payments and you'd like to know exactly what you'd be paying for as long as possible every single month, then now's the time to look into some very cheap rates out there in the marketplace. We're looking at five-year deals at the moment, about 1.44% obviously it depends on the amount of deposit

Danny: (00:56)

You've said 1.44? Wow!

Jonathan: (00:58)

Extremely low, but obviously it depends on maximum deposit and also your personal circumstances, but those rates are out there. Secondly, for a two-year fix, 1.14% incredibly low. If you happen to be someone who's unfortunate on a standard variable rate at 3.99% now's the time to lock into something much more generous and therefore you don't have to worry about your payments going forward.

Danny: (01:20)

Right! So what I hear you saying it's worth shopping around and seeing what's happening, what, what, what options are out there for people.

Jonathan: (01:25)

Absolutely now is the best time.

Danny: (01:26)

There's one thing you touched upon, we won't go too deep into it today. Perhaps this is for another video. You said depending on circumstances. So, is it fair to say that if you're self-employed or if you're employed directly then it depends on the type of deal that you can get? Is that correct?

Jonathan: (01:38)

It does! Self-employed, obviously we're looking at a different set of financial figures compared to someone's employed. We're looking at.

Danny: (01:43)

And it will be different. You know what? That would be a great video to shoot on the second time round because what we're going to be doing is we're going to be sharing this on a weekly and even a monthly basis. So that's a great thing cause I get caught this, one of the questions that I guess probably roundabout about 30-40% of people in terms of self employed, what are my options? Yeah, that would be a great video to shoot. Okay. But in the meantime, thank you so much. And if you have any specific questions, guys, just make sure you shoot them across and we'll be sure to answer them by a financial advisor. Jonathan, thank you. Thank you.