We might all die next year. I would urge everyone, rather than looking to get a better mortgage deal, to remortgage as soon as possible, release as much equity from your house as you can, buy an expensive holiday and take a drug overdose.

Some sensible comments on here, but what people often forget is that with low rates and low (if any) wage increases, something that is a financial stretch now will continue to be so for some while.

It would be so much better if houses were cheaper, interest rates higher, mortgages cost more and there was some wage inflation in the system.

This would allow people to have far more disposable income to spend in the wider economy after a few years rather than continual indebtedness to the bank.

There are other advantages too but the cretins in government and at the Bank of England continue to do everything they can to maintain high house prices. A national discgrace to be honest.

As a very recent first-time buyer, a cautionary note for anyone looking at this thinking it's a mustard deal. A mortgage is the biggest financial commitment you'll make. All advice on here whilst undoubtedly well intentioned is not advice for anyone personally. Get a mortgage advisor or speak to a bank directly who'll be able to advise you on the best course of action for your financial circumstances. We nearly made a silly mistake when getting our mortgage and glad we were diligent and did our research.

I still remember having a fixed rate of 12.75% and being glad!!

Just come out of my last fixed deal and have 7 years to go to finish the mortgage. Am going to fix the 7 years with any deal that comes out around 2 - 2.5% and will be glad. The peace of mind from knowing that it cannot go up is immense. There are times I've won and times I've lost, but I've never had to worry about what "might" happen, and that peace of mind to me is priceless.

Thanks to Brexit it looks like base rate is going to stay low for longer than we thought!
I wonder how much of that 10 year period would actually be above 0.25/0.5%
It's a gamble either way at the moment it all depends on whether you're risk tolerant or risk averse. Big wins/losses if you get it wrong though, increasingly so the higher the loan amount.

I'm unfortunately locked into a 5 year fix with 3 more years left, this was just before the rates became cheaper.

I personally wouldn't do a long term fixed deal anymore.

I've been approved 5year virgin at 2.19% not taken it out yet but I think it's a decent deal. About to move in 2 weeks so too late to start on with another one. I'm a chicken so always fix in.

Can't argue with that rate for such a long time and no fees to sting you! I often wonder whether we will see rates go up again back to more sensible levels, can't be good to get people addicted to cheap debt and can't be good for savers either.

Found it now - link is here...https://www.hsbc.co.uk/1/2/mortgages/products?pcode=A004045193000000000000000000

Currently looking at taking a 5 year fix at 2.63%, not sure if it's worth committing to the ten but will see what happens after 14 July.

There will be a day when the Bank of England money printing machine runs out of ink - on that day be very afraid !

We are living in a time of fantasy interest rates which will come to an end with a bang - history never lies !

Depending on your outstanding and penalty, perhaps you could be better off paying the penalty and take a new mortgage.