Would you fix for two years or five?

[thetrees]

I always fix for five, but both times I've done that recently I've ended up paying over the odds.

Interest rates are obviously incredibly low. Would it be crazy to fix for two?

[Smallgoon]

I fixed for 5 mainly because rates were low and I like the fact I know what i'm paying out for the next 5 years... Also, because i'm not looking to sell for at least another 7 years or so.

[thetrees]

@Kittywampus that's exactly what happened with me. I'm quite risk averse so probably will do five years but I am wondering!

[Summerdayss21]

If you’re not planning to move then fix for 5, the years soon pass by. Interest rates are the lowest ever so you should get a good deal.

[Kittywampus]

I've lived in my house for just over 10 years. Both times I mortgaged I was advised to fix for 5 years, then both times interest rates have gone down, so I would have been better off getting a variable rate

[lazyakita]

Just don't fix for five and then go through lockdown six months later and decide you want to move! Voice of experience :) But if you think you'll definitely stay a while then go for five years.

[ivfdreaming]

5 years definitely during these uncertain economic times - yes you may pay more but the value of having peace of mind is far higher

[JoJoSM2]

WIth the interest rates incredibly low, it surely makes sense to fix for longer? Makes more sense unless you’re looking to move soon.

[beelzeboob]

I think so. I’d fix for 5