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Original poster

End of fixed rate

31 replies

corriequeen1431 · 28/08/2023 10:05

My fixed rate ends soon. I am struggling to decide between a two year fixed rate of a 5 year fixed rate. Any opinions?

OP posts:

Krawnprackers · 08/09/2023 22:07

My lender only offer 2 or 5 years. Totally unsure what to do!

PinkRoses1245 · 08/09/2023 22:16

We’ve just bought a house with 5 year mortgage, luckily has a rate locked in from march. We wanted the reliability for that period as hoping to have first baby in that time

BasinHaircut · 09/09/2023 11:46

If you are at the end of any fixed term you are free to change lender?

BasinHaircut · 09/09/2023 11:47

Sorry that was a reply to @Krawnprackers

Krawnprackers · 09/09/2023 11:55

Thanks @BasinHaircut but we really don’t want to have to go through the whole process all over again.

BasinHaircut · 09/09/2023 15:52

@Krawnprackers i get it! We have been with our lender for 13 years because we couldn’t be arsed to apply for a new mortgage. Luckily they have always had very competitive rates and earlier this year when we had to choose a new fix they were the best we could get anyway.

But we did agree that because the rate has gone up so much, we would consider moving lender for a better rate.

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