ASK352: How long should I fix my mortgage for? PLUS: Interest-only on your own home?
This week, Ask Rob & Rob is all about mortgages.
Sam from London wants to know how long she should be fixing her mortgage for, given the discussions about inflation. Should she fix for as long as possible or go with two years?
Rob B tackles this one, sharing details on his own mortgage to help Sam out.
Then we’ve got a strategy question from Tom.
He wants to know if it’s smart to opt for an interest-only mortgage for his residential property.
His idea is to save the difference between the interest-only payments and what he’d be charged for a repayment mortgage.
Tune in to find out.
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