Choosing Your Fixed Mortgage Term

One of the most common questions when taking out a mortgage is how long to fix your interest rate for. The right answer depends on your plans, preferences, and risk tolerance.

What does "fixing your mortgage" mean?

  • A fixed-rate mortgage locks your interest rate for a set period — typically 2, 3, 5, or 10 years.

  • During this period, your monthly payments remain the same, providing certainty and protection against interest rate rises.

Factors to consider when choosing your fixed term:

  • Your future plans:
    If you plan to move house soon, a shorter fix may give you more flexibility.

  • Risk appetite:
    A longer fix offers more certainty if you worry about interest rates rising.

  • Cost difference:
    Longer fixed terms often carry slightly higher rates than shorter ones — you pay for the security.

  • Early repayment charges (ERCs):
    If you break your deal early, ERCs usually apply — important to consider if your plans may change.

Typical fixed-term options:

  • 2-year fix:
    Lower rates, short commitment — but you’ll need to review sooner.

  • 5-year fix:
    Good balance of stability and flexibility for many people.

  • 10-year fix:
    Maximum long-term stability but less flexibility.

We carefully assess your circumstances, future plans, and financial comfort level to recommend the most suitable fixed term.

"The right fixed term balances security with flexibility. We’ll help you understand how different terms affect your payments, future plans, and total costs — so you can fix with confidence and avoid surprises later on."