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8 years left to pay off our mortgage
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Dynamic_Panda
Posts: 97 Forumite
Hi
Need some advice about fixed rate mortgages as we are coming to the end of our current fixed rate deal.
We only have 8 years left to pay off our mortgage and are staying with the same provider. However we are not sure of the best fixed rate to go with at the moment and we are waiting for illustrations to be sent.
Having spoken to them I feel that a two or three year fixed rate and then reviewing it is the way forward but the other half thinks go for a 5 as interest rates are likely to rise and he feels more secure with it.
What are everyone's thoughts on fixed rate mortgages and how did you pay off/plan to pay off yours using a fixed rate?
All thoughts welcomed.
Need some advice about fixed rate mortgages as we are coming to the end of our current fixed rate deal.
We only have 8 years left to pay off our mortgage and are staying with the same provider. However we are not sure of the best fixed rate to go with at the moment and we are waiting for illustrations to be sent.
Having spoken to them I feel that a two or three year fixed rate and then reviewing it is the way forward but the other half thinks go for a 5 as interest rates are likely to rise and he feels more secure with it.
What are everyone's thoughts on fixed rate mortgages and how did you pay off/plan to pay off yours using a fixed rate?
All thoughts welcomed.
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