The Sunday Times - Borrowers who fix could face £3,000 repayment shock
Borrowers trying to protect themselves from rises in interest rates with two-year fixed mortgages still face a payment shock of up to £3,000 a year over the next five years, brokers warn.
Aaron Strutt of broker Trinity Financial, told The Sunday Times: "Whether you should take one of the super-cheap two-year fixes or the more expensive five-year deals depends on your financial situation.
"If you have a decent deposit and you want to minimise your mortgage repayments for a couple of years, the sub-2% fixes are a great option. They are also very useful if you plan to sell your property in the short term and do not want to stay there for long."
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