Mortgage rates

[Louisemichele]

Hi everyone,

Like alot of us currently i am trying to decide on which fixed term mortgage period to go on. What are people's thoughts on this?

I can't decide whether to do a 2, 3 or 5 year term with my current provider. I need to stay with them as i am currently employed on a bank contract so it would be highly unlikely i would be accepted by another provider. The two and three year fixed rate is offering 3.99% and the 5 year deal at 3.89%.

I am also considering moving house in the next two years so i was more steering towards the 2 year deal. I have been told by my current provider that I can port my mortgage to another property but was curious to get other people's views on this? 🙂

If you can definitely port with no early redemption fee I would definitely go with the 5 year ...interest rates are only likely to go one way for the foreseeable.

I’m having the same dilemma and need to make a decision today. I’d been leaning towards 3 years but since then I read lots of people are fixing for as long as possible. I’ve been offered similar rates which are much higher than my current mortgage so was trying to be optimistic and think things might be better in 3 years but it seems lots of people think 5 years is the safer option.

I've just fixed for five years with Santander at 3.94%. I'm hoping five years will mean we ride out the upcoming shitstorm!