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by michaelt
981 days ago
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In the UK it's long been possible to get a kinda long term fixed rates - at least 10 years. They just don't tend to sell very well - when interest rates are low [1], it's not particularly appealing to fix at 2.69% for 10 years when you could fix at 1.94% for 5 years or 1.25% for 2 years. And coming off the back of two decades of rock bottom interest rates, a lot of people didn't anticipate that they'd be remortgaging at a >5% interest rate. [1] https://web.archive.org/web/20170921064712/https://www.barcl... |
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