The very cheapest two-year fixes are priced at around 1.34% (Santander and Nationwide), while the best five-year fixes are charging 1.99% (Virgin Money). That compares to the 2.19% for seven-year fixes (Coventry and Woolwich), or the 2.59% you’ll pay for the best-value 10-year deal (Coventry). For someone with a £150,000 mortgage, locking in for 10 years with the Coventry would mean monthly payments of £680, while a two-year fix with Santander or Nationwide would cost £589 a month. Varying benefits and risks are involved for both borrowers and […]