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Mortgage renewal - should I go 2yrs or up to five years fixed?

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Comments

  • adidas
    adidas Posts: 335 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Thanks everyone for your views
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The rates changed again today.
    2.04% £999 fee or 2.39% 5y 60% LTV

    if really bottered why not go 10y same no fee rate?

    watch your break even mortgage size/payment taking the fee option.

    for the 5year option it is a relatively  small mortgage
    (3y is around around £10k more)

    term mortgage size needed
    5 £114,086
    10 £77,179
    15 £69,653
    20 £66,424
    25 £64,637
    30 £63,507
    IO £60,095



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