fixed rate question

Arfhurdaly

I like the West Bromich 10 yr fixed at 5.29%. However, 10 years is quite a long time in mortgage terms. My worry is if i move house, i am stuck with the same mortgage lender, who's deals wont be competitive. So is it ever worth getting a fixed for such a long time? I am a FTB.

surrobeth

I'm sure there will be others with better advice but in my mind there are times when it is worth such a long fixed rate. My brother and his wife took out a 10 year fix a year or so ago because they know they want to start a family in the next couple of years so would like to be able to budget more carefully up the the point of children going to school.

I think it really depends on your personal situation and how likely it is you will move, how much of a fluctuation in rate you can afford and generally what kind of person you are.