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New fixed rate mortgage: 2 years or 5 years?

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Comments

  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    use the mortgage calculator to see how much they are:
    https://www.moneysavingexpert.com/mortgages/compare-mortgage-rates

    Don't forget to take into account conveyancer fees/ product fees
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Be careful that MSE calculator gets some answers wrong.
  • greenbee
    greenbee Posts: 17,953 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Be careful that MSE calculator gets some answers wrong.

    I ended up using several :) Some were easier to understand than others.

    I now know it's not worth moving provider, so need to decide on the length of the fix and also when to change to the new deal - it's obviously going up, but the gamble is whether the same deals will still be there in a few weeks. My current rate (1.09%) expires at the end of June.
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