Choosing which fixed rate to go for has been a dilemma for many of our clients so far this year. There really isn’t a right or wrong answer, but below we look into the pros and cons of a two-year and a five-year fixed rate to help make the right decision for you.
Two-year fixed rate
Pros
Cons
Five-year fixed rate
Pros
Cons
You could even hedge your bets and consider going for a three-year fixed rate. Make sure you look at the differences between the current fixed rates to help you make an informed decision about which rate suits you best.
Remember to contact the friendly team at Mortgage Required who have access to whole of market, therefore, we can help to find you the best available rate: 01628 507477 or email: team@mortgagerequired.com
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