Hi, I posted recently about switching and got some great advice here. The application is in progress (Avant), and I need to decide on how long to fix for and looking for advice again please.
It'll be a 15yr mortgage (130k) and I'm looking between fixing for 7yrs at 2.05% or 10yrs at 2.2%. Is 10yrs very long to fix for on a 15yr loan? Or are we likely to get a better/as good a rate at the end of a 7yr fix? Have been on over 3% for years with PTSB, so either of these is looking like a big improvement!
It'll be a 15yr mortgage (130k) and I'm looking between fixing for 7yrs at 2.05% or 10yrs at 2.2%. Is 10yrs very long to fix for on a 15yr loan? Or are we likely to get a better/as good a rate at the end of a 7yr fix? Have been on over 3% for years with PTSB, so either of these is looking like a big improvement!