2 ms·

I believe they are talking about 2 or 5 year rate locks, not 2 or 5 year mortgage terms. Most UK mortgages are 25 or 30 years, but they switch from a fixed rat

by tzs 2y ago

I believe they are talking about 2 or 5 year rate locks, not 2 or 5 year mortgage terms. Most UK mortgages are 25 or 30 years, but they switch from a fixed rate to a variable rate after the first few years.

fuzzythinker 2y ago
That sounds worst that you are binding into a contract that you have no idea how much you have to pay for so many years.