Thoughts please and correct me if im wrong
In 2 yrs time i suspect that the jobless figures will have improved or been fudged by the government to allow interest rates to rise as they can now just get away with saying well its not down to us etc and they are clearly itching to get them up. So in two years time interest rates will either be very close to rising or have already risen so deals will have gone up on the % front???
At the moment i can get a 2yr fixed at 2.54% or 5yr fixed at 3.34% (based on fee of £845 or knock 0.1& off for fee of £1845. (based on 80% LTV)
Now in my mind its worth paying what equates to just less than £50/month more to have the security and over 2yrs this will equal about £100, the same as the fee will be to re-mortgage.
Is this a no brainer or am i missing something?