You are reading a single comment by @JonoMarshall and its replies.
Click here to read the full conversation.
-
Best possible 2yr fixed deal is around 1.75% currently (+1% on base).
Base interest rates are expected to rise to 2%, although some analysts are forecasting 3% as 'the new normal'.
So you're looking at between 3 and 4% fixed sometime in the future, I'd go with the 5 year option.
JonoMarshall-
Thanks. I shat my credit rating a couple of months ago juggling a kitchen so am doubtful I'll get a better offer than renewing through current lender. 5 year is an extra £75 a month than we're paying at the moment but seems better than likely having to stomach much more than that in a couple of years.
CYOA
5 year 2.77% or 2 year 2.43%?