What Fixed Rate Period?

fluffymuffin

Hi Guys

Wonder if you can help me. I am sorting out my finances to buy my partner out of our house. Its gonna be pretty tough for me but I think I can do it. Anyway I want some advice on what mortgage product you think would be best for me.

I have used the mortgage guide and as I am gonna be pretty broke cannot afford any uncertainty so I need a fixed rate product. My main area of concern is how long to fix the rate for. I am so confused about peoples opinion on interest rates at the moment though. Do people think they might fall and if so would I be better fixing it for less time or would it be worth going into say a 5 year deal now?

any adive much appreciated - at the moment my preference is for a 3 year fixed rate at 5.99% which I have been offered.

Thanks for your help as ever.