by Miss_Purple » Mon Feb 20, 2012 3:31 pm
I would agree fixed, rates are unlikely to get much lower than 4-5% over the next 5 years, and the amount of fees is also pretty big on the variable. You only need a small rise in the base rate and your payments could shoot up. We have been on fixed in the past, we are only on variable at the moment as I am waiting for DH to decide how much he wants to pay off before we fix again, and actually for us at the moment there isn't much difference (we are on 4.99% until we remortgage).
that reminds me - must nag DH to get it sorted!