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How Long Should I Fix My Mortgage for in 2025?.
It’s been a rocky road for mortgage rates in recent years, and most experts believe the volatility could continue.
The case for fixed-rate mortgages is therefore as strong as ever, as the majority of borrowers favour the security of these products over the flexibility of other types of mortgage.
But exactly what level of security you want versus flexibility can to some extent be decided by the length of your fixed-rate period. In this guide, we’ll explain what mortgage rates are predicted to do in the coming years, whether now is a good time to fix or not, and what the benefits and drawbacks are for 2-year, 5-year and 10-year fixed-rate mortgages.
How Long Should I Fix My Mortgage For?
What Should I Do If My Fixed Rate Mortgage Ends in 2025?
The Bottom Line
How long you should fix for depends on many factors, including your future plans and your risk tolerance. Longer fixes provide security long into the future but they usually come with less flexibility.
If your fixed-rate mortgage ends in 2025, you’ll need to make some important decisions. If your deal ends in the next six months, we recommend booking a chat with one of our friendly advisors as soon as you can to discuss your options.
If your current mortgage is coming to an end in 2025, you may want to consider remortgaging to a new fixed-rate deal. Exactly what will happen to mortgage rates is hard to predict with certainty, which is why fixed-rate products are so popular. If you think you may want to move house or switch to a new deal in two to three years, then a 2-year or 3-year fixed rate mortgage may be most appropriate for you.
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