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With a recession likely in the near future I’d imagine they will continue to remain low. Not sure the current very low rate will remain that whole time though. We’re going for a 5yr fixed
Tenderloin-
With a recession likely in the near future I’d imagine they will continue to remain low. Not sure the current very low rate will remain that whole time though. We’re going for a 5yr fixed
I went for a 5yr fixed last year and I feel a little trapped by it tbh. A finance pal of mine recommended a 3yr fixed at the time - to take advantage of the protection from fluctuation but still maintain some flexibility. I wish I'd taken his advice. I only repeat it here in case its useful.
ReekBlefs
Any thoughts on what interest rates may do in the next few years. Obviously a bit of a how long is a piece of string question.
My instinct is to fix for five years but we're pondering a loft conversion in a couple of years that would be partly funded through the mortgage.