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, Oct 25, 10:36:32