2 year or 5 year fix?

[whiteonesugar]

We are about to remortgage at the end of our fixed term and have been offered 2 years 2.01% or 5 years 2.10%.

Longer fix is £19 per month more - which we can afford.

What would you do. We have an idea but interested to see whether I'm 'right' or not.

Thanks!

It's a no-brainer to go for the longer fix. I'd even look at a ten year if available. Interest rates are only going to go up

I’d do the longer term

5 years ... even if just for piece of mind

If you aren't planning to move go for the 5 year.

Interest rates are predicted to go up.....

Interest rates are only going to go up! No brainier to go for 5 year. Is that definitely the best one out there?

Absolutely 5 years

Without a doubt I'd fix for 5 years for peace of mind. The only thing to consider is whether you're likely to move in the next 5 years and if so what the fees are for porting your mortgage or any early repayment fees but in general I'd fix for as long as you possibly can.

We're 1 year into a 5 year fix but if we were closer to the end I'd be looking at 10 year fixes.

Thanks all, we are going for the longer fix so this is reassuring! Not likely to move in 5 years but more likely to move in 10