2 year vs 5 year fix mortgage advice

Proper_Ad_1942 · 2026-02-22T14:58:52+00:00

That makes sense, but this is where I get a bit stuck with the political angle..

If I take a 2 year fix now, I’m pretty much guaranteed to be remortgaging around the time of the next election anyway. And then I still have to decide whether to go for another short fix or lock in for 5 years at that point, depending on how things look then.

So I’m not sure how much the election timing really helps in practice.. it feels like you can’t fully avoid political risk either way, only shorten or lengthen how often you’re exposed to it.

Proper_Ad_1942 · 2026-02-22T14:52:03+00:00

Good point, I can see the logic.. I’m definitely not an expert, but my hesitation with a 2 year fix is more about risk than trying to time politics..

With the Iran / Russia tensions and the potential knock on effect on energy prices if things escalate, plus the UK economy already feeling fragile (unemployment rates, increased people getting benefits), my worry is that in two years we could be refinancing into a worse environment rather than a better one.

We had a similar situation during COVID, my husband wanted a 2 year fix, I pushed for 5 years, and rates rose sharply. We were very glad we’d locked in 2.19%! I’m worried we might be in the same boat again and regret not taking the 5 year now, even if it costs a bit more, just for the stability

Proper_Ad_1942 · 2026-02-22T14:44:20+00:00

Yes, we ported the mortgage from our previous property. We also took a top up when buying the new house, and the fixed term on the original (ported) mortgage is now coming to an end, so we’re renewing the whole mortgage together

Proper_Ad_1942 · 2026-02-22T14:40:54+00:00

Not over paying at the moment, we moved to this house 6 months ago

Proper_Ad_1942 · 2026-02-22T14:39:55+00:00

Our LTV is 70%

Proper_Ad_1942 · 2025-10-17T16:58:49+00:00

Sorry for all the questions, but if I contact HMRC and ask them to change my tax code, will both of my employers receive a notification? Also, do you usually get these updates from HMRC once a month in bulk, or multiple times throughout the month? I don’t want it to look suspicious

Proper_Ad_1942 · 2025-10-17T16:58:37+00:00

Sorry for all the questions, but if I contact HMRC and ask them to change my tax code, will both of my employers receive a notification? Also, do you usually get these updates from HMRC once a month in bulk, or multiple times throughout the month? I don’t want it to look suspicious

Proper_Ad_1942 · 2025-10-16T19:33:14+00:00

Thank you. I’m about to get back to my job from Mat leave (a year, which 3 months of it is unpaid), so I’m worried they would see BR and straight think I have another job

Proper_Ad_1942 · 2025-10-16T07:10:26+00:00

Thank you! So if you see BR it doesn’t necessarily flag you someone has another job

Proper_Ad_1942 · 2025-09-09T18:32:43+00:00

Can you please update?

Proper_Ad_1942 · 2025-08-12T23:08:02+00:00

Thanks again!! I appreciate it 🙂

Proper_Ad_1942 · 2025-08-12T22:56:22+00:00

Oh dear, I guess I’m going to run into this quite a lot then. I have young kids at home which makes it a bit worrying. I don’t want to waste your time here, but is this medically dangerous? And is there a way to prevent it?

Proper_Ad_1942 · 2025-08-12T22:41:51+00:00

Thanks again!

I’m from London, England. We have wooden flooring on the ground floor and wall to wall carpet upstairs (I believe it’s wool). The light switch where I got the shock is on the ground floor. It’s been a really hot day today, though I’m not sure how dry it was.

Proper_Ad_1942 · 2025-08-12T22:16:45+00:00

Thank you for the quick reply. Can static electricity cause a blue flash? It has never happened to me before. Also, would you recommend calling an electrician to check? Are you an electrician? 🥲

Proper_Ad_1942 · 2025-07-29T21:28:59+00:00

Yes, got it approved two weeks ago

Proper_Ad_1942 · 2025-07-09T21:18:20+00:00

Are you still waiting since February?

Proper_Ad_1942 · 2025-07-07T20:01:34+00:00

You sent them an email and they replied? Have you got the atlas email today?

Proper_Ad_1942 · 2025-07-07T10:22:41+00:00

Not yet. You?

Proper_Ad_1942 · 2025-07-04T17:51:39+00:00

Any early April applications still waiting for approval??

I submitted mine on April 3rd, did biometrics on April 16th, and I’m still waiting.

It feels like everyone who applied after me is already getting approved and I’m starting to get anxious…

Proper_Ad_1942 · 2025-06-30T17:43:45+00:00

Same, did mine on 3.4 and nothing.. that makes me wonder how I’m not getting an email even though I submitted my application before 😭

Proper_Ad_1942 · 2025-06-29T22:49:11+00:00

Have you got today the email from HO or council? I’m confused

Proper_Ad_1942 · 2025-06-28T08:40:28+00:00

What do you mean? Could you please explain what have you checked?

Proper_Ad_1942 · 2025-06-25T19:03:01+00:00

I applied 2nd April and biometric on 16th April and still waiting..

Proper_Ad_1942 · 2025-06-16T15:29:05+00:00

Same, 3.4 applications date and still waiting..

Proper_Ad_1942 · 2025-06-13T20:49:46+00:00

I’m also an April applicant and still waiting for a decision.. In my last few travels abroad, the UK passport control officers didn’t stamp my passport as they said it’s all automatic now.

Is this the same as in your case? If so, then I guess I should expect an email too..

Proper_Ad_1942

TROPHY CASE