2 or 5 year fix Undecided

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Help needed!
We can't decide between the two! I think 2yr and the OH thinks 5yr.
Difference is about £20 a month extra, overall the mortgage will go up around £100 a month depending on which we opt for.
Both deals are with current lender who are offering the best deals in our position.
Which one?
We can't decide between the two! I think 2yr and the OH thinks 5yr.
Difference is about £20 a month extra, overall the mortgage will go up around £100 a month depending on which we opt for.
Both deals are with current lender who are offering the best deals in our position.
Which one?
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5yr 4.14%
2 years fixes are just too short IMO.
Do you plan on moving in 2 or 5 years time ?
What's your LTV now and what might it be in 2 or 5 years time ?
Will you be able or want to overpay each month of win the lottery/ inherit some money.
Consider life events ! Kids, childcare, Job and career !
If you can get your LTV from say 90% to 75% in 5 years and have no intention of moving within the next 5/10 years then the longer fix might be the deal for you
Exactly! I suppose it could go either way although I've since read predictions are it will fall.
renegade1 said: