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2 year fixed v 5 year fixed rate mortgage in 2022
ALacoste
Posts: 34 Forumite
I am a first time buyer, have offered on a house and has been accepted. Working with my broker to find the best deal. Rates are high into the 3.41%. Do I opt for a 2 year fixed or 5 year fixed? Given the current climate of base rate increasing in 2022 and well into 2023. Do you think by 2024 it will stabilise? What would you recommend and why?
0
Comments
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5 Years at the moment without a doubt. This secures your payments for 5 years and we know the rates will probably keep increasing in the coming months.1
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5yr fixed all the way1
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