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Remortgage: 2yr, 3yr or 5yr?

michaelsft · 2023-12-10 13:51:08

I have a £200k mortgage on a house recently valued at £320k and my 2.19% fix is coming to an end. I’m very lucky in that I can make the new rates work without having to sell up as I have no wish to move. The only question that remains is whether to go with a 2yr, 3yr or 5yr fix. It feels like an impossible question and I’m…

Comments

bluelad1927 Posts: 407 Forumite

11 December 2023 at 7:06AM

michaelsft said:

london21 said:

I am going for 2 years fixed with no product fee and it's 5.15% 65% LTV.

When rates go down a bit will fix for 5 years.

That’s my thinking as well, I guess I’m just worried something awful will happen again and they will go up more. What a rubbish system! Fingers crossed.

What is rubbish about the system?

1