Mortgage renewal options 2,3,5 year

[IndigoBluey]

My fixed terms ends in September so a couple of months yet but trying to be organised. It’s with Nationwide. Been quoted around 4.1-4.3%. I will wait until after BOE meet in August before fixing. Just curious as to whether to fix for 2,3 or 5 years. It is a small mortgage.

I only ever fix for 2 years unless it’s a very low rate (like the ones we had about 4 years ago).

I’ve just fixed my rate for 2 years. 4.1% isn’t low enough for me to fix for longer.

Thanks yes I was hoping maybe a rate of high 3. Something thanks yes I was expecting a sub 4 rate

I agree with this. I heard on the radio today that the BoE are likely to reduce interest rates soon.

My current rate is 1.54%, until November 2026. Also a small balance, so I am aiming to pay it off when the rate expires.

Our next fixed will be for 2 years as currently have a mortgage and a sub mortgage (we ported) and then will fix for as long as possible