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2 or 5 year fix Undecided

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Comments

  • amnblog
    amnblog Posts: 12,627 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Strangely Lee, the answer here has nothing to do with rate.

    If you take the two year product, and rates are higher in 2025, your other half will never let it go.

    If you take the five year product, and rates are lower in 2025, you have no hassle.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Nailer99
    Nailer99 Posts: 131 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    amnblog said:
    Strangely Lee, the answer here has nothing to do with rate.

    If you take the two year product, and rates are higher in 2025, your other half will never let it go.

    If you take the five year product, and rates are lower in 2025, you have no hassle.
    Haha. Very wise. 
  • leew
    leew Posts: 730 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    amnblog said:
    Strangely Lee, the answer here has nothing to do with rate.

    If you take the two year product, and rates are higher in 2025, your other half will never let it go.

    If you take the five year product, and rates are lower in 2025, you have no hassle.
    I will as the other half will say you should have gone with your gut and took the 2 yr option, don't blame me etc etc!!

    I am convinced the rates will be lower so I am undecided still!
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