5-year fixed coming to an in Oct 2023

Saint84

Thanks but my question was should I lock it at ten years at 3.65 percent. Is that a good deal?

Nailer99

Platform have a 5-year mortgage at 3.75. Arguably that’s a much better deal than 3.65 for 10-years. 

Saint84

That’s arguable I guess.

barclays offer was on £999 fee. Platform is 2000 fee. 

coypondboy

Bond markets showing rises so expect a 0.5% rise to 4.5% in 2 weeks time so best tracker rates 5% and could go higher so would fix for 2 yrs if lower than 5%.

Saint84

How about ten years at 3.65??

fergie_

It gives you surety for 10ys. However, does it allow you to overpay? Is it portable if you wish to move?

Great for you if rates go up, but how would you feel if they dropped much lower?

Saint84

Yes you can overlay. That’s the million dollar question 

Saint84

Any other opinions?

should I fix at ten years at 3.65 percent?

gjs6385

Saint84 said:

Any other opinions?

should I fix at ten years at 3.65 percent?

I think you’ve been given a good range of comments and pros/cons with the main ones for me being:

fergie_ said:

It gives you surety for 10ys. However, does it allow you to overpay? Is it portable if you wish to move?

Great for you if rates go up, but how would you feel if they dropped much lower?

I would therefore say it’s now down to you to consider and if you’re still unsure talk to a broker.

Saint84

thanks - yeah. something to chew over.

1. You can overpay 10% of capital
2. no intentions of moving
3. hindsight is a wonder thing in terms of your last question.