Opinion...2 year fixed or 5 year fixed?

Phil_Platinum

Hi all,

Given the current uncertainty across global money markets, would MoneySavingExperts go for a 2 year or 5 year fixed mortgage. This is a remortgage just to avoid falling off my current fixed rate onto the variable rate. I'm looking at a 5.69% offer.

I'm not expecting crystal balls (!) but you must have an opinion.

Many thanks

Phil

feisty1

A couple of points to consider are 1) redemption penalties being fixed for 5yrs compared to 2yrs, are you likely to redeem the mortgage in that time? 2) Arrangement Fees added to mortgage You're right tho, no crystal ball........

I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice

luckyfool

Tracker?

heh.