Which do you think?

MikeR71

I have a quick question.

2 years fixed rate @ 3.05%, or

5 years fixed rate @ 3.65%

2 years works out £50 cheaper a month while 5 years gives me peace of mind in case interest rates rise.

GMS

What is the follow on rate for the 2 year fixed? Will 3 years on that mean more payable over the 5 year term?

somethingcorporate

What LTV do you have? those rates could be beatable. I have my eye on a 5 year fix at 75% LTV with a better rate than that one.

Obviously at the marginal rate differences product fees come into consideration as to follow-on rates, ability to overpay etc.

Personally, I'd go for the long term fix for the security. Rates are only going to be able to go in one direction over the medium-long term.