ONE DAY LEFT to add your questions before the Forum 'Ask An Expert: Energy' event ends. Our expert MSE Andrew will answer some from Wed afternoon

How long to fix


We are 6 months away from our current fixed rate mortgage ending. Our broker has gotten us a few options. The longer you fix the better the rate. So is it currently better to fix for 2,3 or 5 years? Is 2 years possibly not enough for the rates to drop or is 5 years too many to sit in a fixed rate if the rates do drop.

These are the best options for us from our broker

2 years - 6.54% £950.93 month (387.90 more a month then currently paying)

3 years - 6.42% £938.83 month 

(£375.80 more a month then currently paying)

5 years - 5.71% £871.38 month 

(£308.35 a month more than currently paying)



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