Is it time to tie in to a longer fixed rate mortgage? - HotUKDeals
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Is it time to tie in to a longer fixed rate mortgage?

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My current mortgage product is up for renewal in a month. I think I heard some rumblings about interest rates possibly set to start rising soon. I have in recent years been doing 2 or 3 year fixed r… Read More
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banned2y, 4m agoPosted 2 years, 4 months ago
My current mortgage product is up for renewal in a month.
I think I heard some rumblings about interest rates possibly set to start rising soon.
I have in recent years been doing 2 or 3 year fixed rate deals with my current provider.
I'm wondering if now is the right time to go for a fixed rate of 5 years or longer?
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banned2y, 4m agoPosted 2 years, 4 months ago
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nationwide have just launched a 5 year 2.44% fixed. For existing mortgage customers only though.

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#1
I'm thinking the same but my current deal is 0.58 above base rate. Therefore it's going to take a while to get up to 4/5%. But the cost of remortgaging puts me off! I would like to be tied in so I know what the payments will be until the end of the mortgage. I keep looking but I've noticed there's very few deals over 5 years - I would like to lock in for longer.

Anyone got any good mortgage offers out there?
#2
nationwide have just launched a 5 year 2.44% fixed. For existing mortgage customers only though.
banned#4
paul1005
nationwide have just launched a 5 year 2.44% fixed. For existing mortgage customers only though.
I just saw that.
Think I will go for it.
In my case, the monthly payments are under £14 a month more than the 3 year version.
Think I'll happily pay that for an additional 2 years peace of mind.
banned#5
Thanks for that.
Wasn't anything spectacularly new, but it helped me to confirm what I'd probably intended in my mind beforehand.
Guess I just needed some affirmation.
#6
I watch a lot of CNBC and several times experts have said rates could rise in 2015. Even though you support the Villa, I'm willing to help. :p
banned#7
All sorted now.
Went for the 5yr fixed @ 2.44% from Halifax.

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