In current climate - would you remortgage at 5.25% fixed for 2 years

[Twiglett]

no overhanging penalties after fixed period

no costs to switch mortgage

Depends what matters to you - certainty for 2 years and/or is it cost-effectivish to do so? I doubt (but what do I know?) that rates will rise a lot more in next 2 years but prob will once or twice again. Maybe.

We fixed in Jan for 4.99% for 3 years and I'm mighty relieved we did.

I have heard that over the life of a 25 year variable rate mortgage the avewrage interest rate paid is 5% (obviously this is based on the past which cannot be relied upon as a guide to future rates blah blah blah) so fixing around the 5% mark is supposed to be prudent.

If you can afford the repayments at the fixed rate and any increase would cause you difficulties, then I think that is really what counts

Yes

We have just fixed for 2 years at 5.24% - so Im hoping the answer is yes

Yes. We're about to fix for five years at a v similar rate, because we need to know our outgoings because we can barely afford the mortgage and I'm not gambling with our home.

We did,about 18 months ago.Purely because,we wanted to be sure that we could afford the payments if the rates kept rising.Ours is fixed at 5.25 for 5 years.

We've fixed for 5 years for a similar rate, as really wanted the security we me not working

yes

Also get yourself a mortgage pig

Yes definately. No arrangement fee? Who's it with? Cos I need to remortgage soon