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  • I'd go for a long fixed rate that I could afford. Paying as little as possible is a secondary aim, having a roof over your head is more important.

  • I dunno, that calculation depends entirely on how affordable increases could be / scope to pay it all off etc. There’s no perfect answer as it depends on your attitude to risk - do you value the certainty more (and are willing to potentially pay more for it) or are you happier knowing you’ve had a chance for the best deal?

    A good compromise might be if you can find a fix for a long-ish term with relatively reasonable termination payments - if the cost of terminating it is low enough, at least you can choose to pay your way out if rates drop a lot.

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