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The minor faff with renewing and then porting is that you then will likely have 2 mortgages unless you’re able to cover the difference in the house prices, and that’ll then tie you in with a single lender until both were out of their initial period and you could get a new deal to cover both.
So you might be pushed into svr later on for a short while too
duncs-
That's true, it would (hopefully) be more manageable in 2-5 years time as we'll not be paying 1k/month nursery fees, but yeah, not having the choice of the market would be potentially problematic especially as rates seem to be falling a bit - I'm seeing sub 5% 5 year deals now when the guy at L&C seemed pretty chuffed to get 5.5% a month ago.
Polygon
Almost certainly, and I'm inclined to do that, but I need to do the sums at some point just to feel vindicated.
Obviously the biggest factor is finding the right place. Still kind of frustrated by the fact we have to have an offer to make an offer but maybe that's not entirely the case anymore in the current climate.