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In the UK mortgages aren't fixed for the lifetime of the mortgage. Not sure about the rest of the EU. Ours are like 3/4/5 year fixed rate then revert to a bad v
by mattmanser 9y ago
In the UK mortgages aren't fixed for the lifetime of the mortgage. Not sure about the rest of the EU. Ours are like 3/4/5 year fixed rate then revert to a bad variable rate, at which point you get a new mortgage.
- Xylakant 9y agoIn Germany, 10 year fixed mortgages are common, though shorter terms get you lower interest.
- eCa 9y agoIn Sweden, lots of mortgages are adjusted every three months, and I would assume (though not certain) that a majority of mortgages are fixed on no more than two-three years.
- Xylakant 9y agoGerman banks have always been extremely conservative when it comes to mortgages. It’s hard to even get a mortgage when you don’t have a secure job and bring a substantial down payment (like 20-30% of the house/apartment total).
- patrickk 9y agoI've heard of fixed rate mortgages up to 15 years, at interest rates as low as 1.6%-1.7% if you have a secure job and an established relationship with a landesbank.