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All good reasons to break the fixed rate but if I may play devils advocate a little longer... * Given it will take 6.5 years to recover break costs (which I think is quite good, most people never recover them within the remaining fixed period), what happens if variable rates increase? The...

Let's assume that interest rates are getting close to the bottom (perhaps, perhaps not). If this is the case, then you're planning to break when the costs of doing so are at about their highest. Is it really necessary to fix now? It's a good feeling to pay less interest, but it doesn't...