Good points guys!
Chip, entirely summed up what I think, only you've worded it a bit better....
Doesntbelong, I do see your point, however, I'm looking for a good deal and I don't really see why I should pay more than I should just because I can afford it.
I'm looking to get my mortgage paid off before the conventional 25year term, and we're also looking to start a family, so I have to reduce my outgoings or micro manage everything with regards to my outgoins so one income doesn't have such a big effect.
All related to each personal circumstace i guess, maybe I misunderstood. I normally go for 2 year fixed rate deals, but this time I'm looking for a longer term, between 3-5 years.
I understand what your trying to say mate, my point is, with your young family you will be unsure of your outgoings on your mortgage on a variable rate as opposed to fix rate. Fair enough you could in the short term -6 months lose out, but beyond that who knows what will happen.
I would have opted for the security of knowing my outgoings per month as opposed to constantly watching the market.
I guess though if you know how you do the deed then you'll be comfortable with a certain way of doing things.
Tim