React sooner versus Fixing for longer

stoke_bishop

I think I'm getting there in honing my question. I'm sorry for dragging this out and to anyone that I've offended!

One of the things that appeals to me about a 3 is the possibility of reacting post-election, post credit crunch and sooner than if I go for five years when rates may be really sky high by then. Three things:
(a) Is the a valid viewpoint?
(b) Should I stick my finger in the air?
(c) Should I get my coat?

Thanks in advance...

beecher

I think you should just go for the 3 year as that's what you seem to be talking yourself into, and stop trying to read the future! No-one knows when the credit crunch will end, who will win the election, and what will happen to inflation/house prices/interest rates.

Personally as I mentioned on thread 2. I think you should go for the 5 year and overpay if rates go up, but I think you just have to make a decision now.

Don't take this the wrong way but you're reminding me of someone I knew who kept a scrapbook with every single computer on offer, deliberating for ages, and when he finally made the decision they were all out of date!

Caffca

stoke_bishop wrote: »

I think I'm getting there in honing my question. I'm sorry for dragging this out and to anyone that I've offended!

One of the things that appeals to me about a 3 is the possibility of reacting post-election, post credit crunch and sooner than if I go for five years when rates may be really sky high by then. Three things:
(a) Is the a valid viewpoint?
(b) Should I stick my finger in the air?
(c) Should I get my coat?

Thanks in advance...

(d) buy a bullet proof vest?

When I said be more specific in the questions you ask your IFA I didn't think that meant the forum. You could continue with the same thread, questions grow and change - part of thread life. It's darn confusing jumping from one thread to another.

So I repeat (hopefully for last time) - It's your decison and only yours. Affordability or flexibility?

Failing that flip a coin