Mortgage forecasting help?

[Gansy]

Hello,
can anyone help with my mortgage decision?

My 2year fix is coming to an end.

my offers are 4.54% on a 2 year, no fee OR 4.24% of on a 5 year, no fee.

I would like to move in the next two years.
I could port the mortgage, but don’t want to be stuck if prices come down.

Likewise, with the economic instability, I don’t want be vulnerable to bigger rate rises.

Ive no experience with this. Can anny experienced people advise what they’d go for?

thanks.

Can you afford 4.24%? If so I would lock that in for 5 years and close your ears to the rates. If they go up try to save to benefit for high interest rates that way?

We have fixed 4.3 for 4 yrs. I think that rate is about right.....not quite the post covid rate we had but security it won't change.

For 5 yrs that should say

Thank you guys for taking the time. I really appreciate it.

If you think you’re going to go for the 5 year but move in 2 years, check now what the early repayment charge would be then in case you can’t/ don’t port it.