If tyou were taking out a new fixed rate mortgage right now, how many years would you go for?

[nkf]

Two, three, five or 10. It seems to me that with interest rates this low, the only way is up. Genuine dilemma. Want to see what others think.

I'd normally say not more than 5 years. But can rates go any lower. I can't see it. It would only be penalities for early repayment and so on that would put me off doing the 10 years.

I'm currently fixing for five years for 3.09% with natwest.

It's 2.99% actually not 3.09%, fee free, portable and we can overpay by 10% each year if we like.

have you worked out (on my spreadsheet) how much that will make for the bank!

talkinpeace where is your spreadsheet please? need to do some sums now that interest rates due to stay low... thanks

"site stuff", the cost of credit cards thread ....

www.mumsnet.com/Talk/site_stuff/1715581-Cost-of-credit-cards-and-mortgages-the-spreadsheets

Thank you Talk

HTH - and I love writing spreadsheets that help people so do please ask if you have any ideas that need clarifying