Mortgages

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GoatandTricycle in reply to @SteadyCam

So we are about to renew, to me 2 years seems too short but 5 too long?
Given increases likely to continue in to next year and then will be slower if they go down.
Obviously hugely depends on situation too. Possibly worth considering getting revalued to help too?

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hippy in reply to @GoatandTricycle

No one can predict the future. I'd always go shorter for flexibility. Depends how close you're running to your financial limits though. I'm always super conservative with my mortgage size though, to avoid the stress when rates rise (which was annoying the last ten years but, see first sentence)

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sohi in reply to @hippy

I'd always go shorter for flexibility.

This constant renewing doesn't make any sense if you are not a bank.
Like you say the last ten years show how pointless it is, people taking
short term fixes when the base rate is close to 0%, hoping for what?
Negative interest?

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