Ok so mortgage rate is expiring next week so have to make a decision (have left it til last last minute for the lowest possible rate)
Have approx £145,000 os at 5.09 - payments £772.
other part of mortgage that is expiring is 1.89 :( (again its around £145,000.00)
have been offered 4.24% for 5 years at £666.76 or 2 years at 4.79% which is £715.00.
so monthly payment would be going from £1250 to either £1438 or £1487.00
Theres only £50 in the difference, but am interested to know for those whose rates have changed recently have you fixed for 2 or 5 years?
Further info - the 5.09 with payments at £772 is expiring December 2025 so I'm hoping that one would also come down a little bit.
(mortgage is in 2 parts due to porting!)