Should you lock into a 5 year mortgage deal?

If you are remaining in your current property for a minimum of five years and want the security of knowing your monthly repayments this could be the right option.

However, first-time buyers with a deposit of 15% or less may want to consider a shorter two year deal and then look to re-mortgage for a better option with a lower loan to value (LTV) at the end of the two years.

If you are thinking of moving you could be better off considering a shorter term so as not to risk expensive exit fees when getting a mortgage on a new home.

Please do speak to us as we will do all the research and find the best deals available. Our service is completely free and we will also donate to a charity of your choice.

We can simplify the re-mortgage process for you. Our service is completely free and you are under no obligation to commit to anything we find. If we source a deal you like then we will donate 25% of any fees we receive from the lender to a charity of your choice. Please check out our re-mortgage guide fundugive2 re-mortgage guide