Which mortgage rate would you take?

[magicalkitty]

Five year 1.99% fix is coming to an end in 6 months sob

At the moment the deals I can get with my lender (without the £999 fee) are:

5.99% fixed for 2 years

6.24% tracker for 2 years

5.89% fixed for 3 years

5.34% fixed for 5 years

5.24% fixed for 10 years
(Or 4.99% with a £999 fee)

Which would you do? I'm tempted to fix for only 2 with the hope it will come down but of course that is more expensive and no guarantees things will improve either.

Would go for the longer fix @ 5 years tbh.

Rates will stay around the same as this is the Long term average.

Not much in it. I would go for 5 years so

Not more arrangment fees either for a while.

5.34% for 5 years.

I would lock in the 5 year rate now and keep checking over the next 6 months. You can change your mind before then, if they go down you can cancel and re lock on a better rate.