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2 yr or 3 yr fixed
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jolester
Posts: 333 Forumite
Hi all,
We have to decide whether to take out a 2 yr or 3 yr fixed rate.
2 yr = 2.09%
3 yr = 2.32%
Difference each month is £48.45
Do you think either of these deals are preferred over each other?
Thank you for any thoughts
We have to decide whether to take out a 2 yr or 3 yr fixed rate.
2 yr = 2.09%
3 yr = 2.32%
Difference each month is £48.45
Do you think either of these deals are preferred over each other?
Thank you for any thoughts
0
Comments
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can you hit the next rate break on LTV in 2 years?0
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No, I very much doubt it0
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Does anyone have any thoughts on which they'd choose and why please?0
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2 year fixed with extra repayments of £48.45 a month0
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We went for a 3 year fix because we couldn't move up an LTV bracket in 2 years, also our mortgage product came with a fee which was the same amount for a 2 or 3 year fix so the 3 was better value for money0
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I never thought of the fee, that's the same for us whether 2 or 3 year fixed0
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