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How long should I fix my mortgage for?

The length of time you fix your mortgage for depends on your individual circumstances. The general rule of thumb is that the longer the term the higher the interest rate. Additionally, the higher the loan to value the higher the interest rate. Most lenders offer 2 and 5 year fixed rates and some over 10 year deals as well.

Our advisors can review your circumstances and discuss the best option for you. Would you prefer certainty of your mortgage payment over a longer term, such as 5 years, or do you require the lowest rate for a lower monthly mortgage payment, this is generally over 2 years.

However long you decide to fix your mortgage interest for, rest assured, we will contact you up to 6 months before your deal ends, so that you don’t end up on the lenders standard variable rate.

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