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What am I missing?
Getting reamed if you want to move.
Check what the porting chargers are and what the early repayment charges are.
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Seems surprising the ten year is almost identical, is that due to high fees on the two year?
As others have said, are you planning to stay in that property for ten years? General consensus from various brokers I've spoken to seems to be that porting can be a bit of a ballache.
hugo7
aggi
@zazkar
Thoughts welcome on this. Why is my mortgage broker steering me towards a two year mortgage, when from what I can tell the monthly repayments on a ten year loan are near identical?
Obviously he would get his fee if we used him to re-mortgage every two years, but given the current low rates, getting the longest term possible seems like a no brainer. What am I missing?