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  • 2 year fixed with ‘low’ rates are kind of a con anyway - the fees are so high (plus you’ve got conveyancing costs at every re-mortgage) that it effectively pushes the rate right back up. 5 year fixed might have higher headline rate but be more efficient at paying off the capital.

  • plus you’ve got conveyancing costs at every re-mortgage

    Not if you stick with your existing lender. But yeah if they don’t offer the best rate then you might have to factor in other costs to switch.

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