www.iva.co.uk

Hi
Paid off IVA in January 16. My mortgage is a 5.24% fixed for 2 years ending 31st December.

My current provider has sent me some new products to choose.
Not sure if it's best to stay where I am.
They don't charge for changing and there are no fees.

2 years fixed is 2.14% saving £160 a month
3 years fixed is 2.59% saving £140 a month
5 years fixed is 2.79% saving £130 a month.

I have no idea which one to go for. What are the likelihood interest rates will ever rise above 1% in the next 5 years.

2 years sounds tempting as I will overpay £200 a month but 5 years I'll only be able to overpay by £175 a month.

I would speak to either Ryan or Shaun as they come highly recommended and have helped a lot of posters.

Trouble is, with Trump over the pond and Brexit this side, it is anyone's guess what is going to happen. See what Ryan and / or Shaun think.

Yeah reading up on stuff a few have put rates up already.

I'm thinking just go 5 years. I'll still be £130 a month better off which is 25% reduction on my monthly payments anyway.

That is your decision as to who you go with.

At least your lender is offering you a new deal so take one. It could be hard to find a new lender.