2-Year v 5-Year Fix: How To Decide

[@RobertGillontheinterweb]

It’s so confusing that you confused yourself in the first 20 seconds 😂. The rates are lower the longer you fix at present due to the inverted yield curve. I’ve been a mortgage broker for 20 years and the present market is the hardest to make a decision that I’ve experienced. It takes a full consideration of your individual circumstances. Fees, stress tests, uncertainty are all huge issues! Great video 👍

[@eo2146]

I'm finding 5-yr fix is cheaper than 2-yr atm. Easier to beat stress tests and only one set of arrangement fees to pay over the duration. Seems better to get a 5-year...

[@ctjsmith]

Another factor is the time/hassle of remortgaging. You will have to go through the hassle of remortgaging 2.5x more often if you go for 2 year fixes over 5 year fixes. Time is money!

[@StephenSolademi]

Very smart way to look at it!

[@seanduffy2214]

On my flats I get charged around £400 by the leaseholder to change the charge on the property each remortgage. And then the 'free legals' charge me a couple of hundred for processing that. On a little £60k mortgage these added fees make 5 year no more expensive, less risk and less hassle. It might be different on a £150k mortgage

[@ethanhunt3226]

Was thinking about this yesterday thanks!

[@123sumom]

Very helpful very smart thinking thank you ❤

[@kieronwhite8234]

Hi Rob, here's a question - with the mortgage interest tax treatment for personally held BTL property, is it better to accept a higher arrangement fee (added to the loan) with a lower interest rate - even though the cost (interest + arrangement fee) of the product is higher over two years?

[@lukeyd13]

How can I take this video seriously when you chart contradicts what you say in the first 20 seconds