MSE News: Fixing for your mortgage for 10+ years is cheaper than 2yrs

MSE_Kit
MSE_Kit MSE Staff Posts: 72
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edited 12 July at 11:58AM in Mortgages & endowments
Fixing your mortgage rate for 10 years is now significantly cheaper than two and five-year deals – even the UK's only 25-year fix has a lower rate than the top two-year fix. But there are risks to locking in your mortgage for 10 years or longer. Here's what you need to know.

Read the full story: 

'Fixing your mortgage for 10 years or more is now CHEAPER than a two-year fix... but should you lock in for the long term?'

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Comments

  • michaels
    michaels Forumite Posts: 27,495
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    It is a dangerous headline, no one knows over 10 years what length of fix will work out cheaper.
    I think....
  • london21
    london21 Forumite Posts: 1,963
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    10 years is too long. 

    Will likely come down in the next 1-3 years.
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