Hello. Just wondered if anyone could give me any advice/opinions. I am currently going through the process of changing my mortgage deal with Yorkshire Building Society and am undecided about going for a 2, 3 or 5 year fixed rate deal. Now I know that there are better mortgage lenders out there at the moment but as I don't have the time (or effort) to change lender, I have decided to stay with Yorkshire. The 2 year rate is 1.79% (£343), the 3 year rate is 2.19% (£359) and the 5 year rate is 2.54% (£373).
Crystal ball time....My question is...should I go with the 5 year rate as interest rates are likely to go up? Or do people think that they will go down, stay quite stable?
Thank you in advance for any help/advice given :)