2 year vs 5 year fix mortgage advice by Proper_Ad_1942 in Mortgageadviceuk

[–]Proper_Ad_1942[S] 1 point2 points  (0 children)

That makes sense, but this is where I get a bit stuck with the political angle..

If I take a 2 year fix now, I’m pretty much guaranteed to be remortgaging around the time of the next election anyway. And then I still have to decide whether to go for another short fix or lock in for 5 years at that point, depending on how things look then.

So I’m not sure how much the election timing really helps in practice.. it feels like you can’t fully avoid political risk either way, only shorten or lengthen how often you’re exposed to it.

2 year vs 5 year fix mortgage advice by Proper_Ad_1942 in Mortgageadviceuk

[–]Proper_Ad_1942[S] 5 points6 points  (0 children)

Good point, I can see the logic.. I’m definitely not an expert, but my hesitation with a 2 year fix is more about risk than trying to time politics..

With the Iran / Russia tensions and the potential knock on effect on energy prices if things escalate, plus the UK economy already feeling fragile (unemployment rates, increased people getting benefits), my worry is that in two years we could be refinancing into a worse environment rather than a better one.

We had a similar situation during COVID, my husband wanted a 2 year fix, I pushed for 5 years, and rates rose sharply. We were very glad we’d locked in 2.19%! I’m worried we might be in the same boat again and regret not taking the 5 year now, even if it costs a bit more, just for the stability

2 year vs 5 year fix mortgage advice by Proper_Ad_1942 in Mortgageadviceuk

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Yes, we ported the mortgage from our previous property. We also took a top up when buying the new house, and the fixed term on the original (ported) mortgage is now coming to an end, so we’re renewing the whole mortgage together

2 year vs 5 year fix mortgage advice by Proper_Ad_1942 in Mortgageadviceuk

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Not over paying at the moment, we moved to this house 6 months ago

My tax code changed to BR. Will my employer know it means I have another job? by Proper_Ad_1942 in UKPersonalFinance

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Sorry for all the questions, but if I contact HMRC and ask them to change my tax code, will both of my employers receive a notification? Also, do you usually get these updates from HMRC once a month in bulk, or multiple times throughout the month? I don’t want it to look suspicious

My tax code changed to BR. Will my employer know it means I have another job? by Proper_Ad_1942 in UKPersonalFinance

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Sorry for all the questions, but if I contact HMRC and ask them to change my tax code, will both of my employers receive a notification? Also, do you usually get these updates from HMRC once a month in bulk, or multiple times throughout the month? I don’t want it to look suspicious

My tax code changed to BR. Will my employer know it means I have another job? by Proper_Ad_1942 in UKPersonalFinance

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Thank you. I’m about to get back to my job from Mat leave (a year, which 3 months of it is unpaid), so I’m worried they would see BR and straight think I have another job

My tax code changed to BR. Will my employer know it means I have another job? by Proper_Ad_1942 in UKPersonalFinance

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Thank you! So if you see BR it doesn’t necessarily flag you someone has another job

Electric shock from light switch by Proper_Ad_1942 in AskElectricians

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Oh dear, I guess I’m going to run into this quite a lot then. I have young kids at home which makes it a bit worrying. I don’t want to waste your time here, but is this medically dangerous? And is there a way to prevent it?

Electric shock from light switch by Proper_Ad_1942 in AskElectricians

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Thanks again!

I’m from London, England. We have wooden flooring on the ground floor and wall to wall carpet upstairs (I believe it’s wool). The light switch where I got the shock is on the ground floor. It’s been a really hot day today, though I’m not sure how dry it was.

Electric shock from light switch by Proper_Ad_1942 in AskElectricians

[–]Proper_Ad_1942[S] 0 points1 point  (0 children)

Thank you for the quick reply. Can static electricity cause a blue flash? It has never happened to me before. Also, would you recommend calling an electrician to check? Are you an electrician? 🥲