2 year deal a good idea?

magicdogsbrain

Since there seems to be some relatively good 2 year deals out there at the moment. Just wondering if anyone is going for them?

Do you think it’s a good idea to go for 2 year fixed or discounted rate given the uncertainness of what new deals will be in 2 years?

UK007BullDog

There will always be uncertainness in the future. But we are going through a global credit crunch, oil crunch, food price crunch, higher inflation, pay cuts, job cuts.

You have read my posts. I am all for fixing and a stress free life thereafter. Fix long and save on rediculous fees due every 2 or 3 years. Once you add the crazy fees to any short but lower rates you could as well have fixed.

The property you live in is not a profit making machine or investment, its your home to keep you warm and safe. Dont risk it because you think you could save a couple of boob a month being on a varable rate. It could all backfire. Rather safe than sorry.

Yes, rates could go down but I dont think so, not for the next year anyway.