Given longer term fixed deals are cheap.....

banks obviously don't think that interest rates are set to rise materially in the next 5 years.

And they probably know better than anyone on here.

Variable rates are unattractive as they are higher than short term fixed deals, short term fixed deals (2 years or so) aren't much better than a 5 year, so for me 5 year was the obvious choice. Less than 1% is ridiculous frankly.

But do what suits your circumstances.

Posted By: SimonOTBC on October 25th 2021 at 10:36:32

Message Thread

Any mortgage advisers on here ?…. (General Chat) - loz, Oct 25, 10:07:18
- London and Country (L&C) (General Chat) - Eric Morecambe, Oct 25, 23:25:57
- What's a mortgage? (n/m) (General Chat) - usacanary, Oct 25, 21:59:10
- To say inflation is going through the roof (General Chat) - ghostof barry butler, Oct 25, 11:21:15
- Given longer term fixed deals are cheap..... (General Chat) - SimonOTBC, Oct 25, 10:36:32
- If you’re a ST holder/member you can get “free” advice from one details were in the pack. (General Chat) - Ruttles, Oct 25, 10:21:02
- I am not a mortgage personage but (General Chat) - Joe Strimmer, Oct 25, 10:17:19
  - I recently remortgaged and I've never seen 5 year fixed deals so cheap (General Chat) - SimonOTBC, Oct 25, 10:34:26
    - My 5 year fixed is just ending (General Chat) - SCC 28, Oct 25, 10:38:56
      - less painful than an energy fix ending... (n/m) (General Chat) - CWC, Oct 25, 11:23:15
        
        Got that to look forward to in April (n/m) (General Chat) - SCC 28, Oct 25, 11:30:15
      - you'll prob have to cut back on going to games, mikey (General Chat) - Henclrikus, Oct 25, 11:09:34
        
        Depends if we’re in Bournemouth (General Chat) - SCC 28, Oct 25, 11:15:23
      - Im paying less than 1% (General Chat) - SimonOTBC, Oct 25, 10:43:31
- Seconded (General Chat) - SCC 28, Oct 25, 10:10:05

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