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we have just gone for a 5 year fixed @1.6% . We could have done slightly better on the rate but after product fees /cost of hassle we stuck with our current lender. in contrast we were offered 1.17% on a 2 year fixed
our rationale was that interest rates are only going to rise. even though this may not happen in the next 5 years, we would rather have the stability of the same (lower than our current) payments for 5 years
there is also a chance that interest rates will rise... brexit inflation? who knows
swedeee
Whats the hive mind thoughts on Mortgages atm? Get the fuck locked in for as long as possible because interest rates are only going up? Looking at a 5 year fixed repayment atm.