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Fixing for five or ten years seems like madness.
I don't think I'd do 10 if it was the full mortgage, but mine's split between 2 accounts since I ported it when I moved. I figure if things drop significantly then I can probably pay the early redemption fee to get out in 3yrs when the other half of the mortgage is due to renew, and if things are still shit then I stick with it.
I have no clue tbh, all feels like a bit of a coin toss atm
@ghostface sorry to hear that. crap timing. Silver lining may be if the current interest rate hikes force a drop in prices and you end up paying less when you do move?
duncs
@dbr
Ours is up at the end of Jan. Broker got us hooked up with a retention deal - 3.13% for a 2 year fix, hoping things will chill out in a couple of years. Fixing for five or ten years seems like madness.