Would you fix for 2 or 5 years?

thegentleway

3.99% for 2 years or 4.19% for 5 year, both £995 arrangement fee. It's a B2L HMO in a ltd.

Was originally going to fix for 5 years at 3.49% as that was only 0.1% more than the 2 year rate but that fell through :'( Now it's ~4% I'm leaning towards only fixing for a couple of years. I guess no-one can predict interest rates in 2 years time so it's just a personal preference.

K_S

@gentleway Can't say what will work out better financially in the end, but as you're buying with a ltd.co., I assume you're in it for the long haul so might be worth considering the longer fix on that basis.

If you don't feel comfortable locking yourself in for 5 years, then perhaps a 2 or 3 year discount product might work better for you. Noticeably cheaper than a fix but obviously with the risk of rates rising during the 2/3 year discount period.