Why do people in the UK make 3 year mortgages?

Then, they seem to expire and you need a new one.
http://answers.yahoo.com/question/index;_ylt=AsHKoqvyH5ym7hAFjMjk72TG5HNG;_ylv=3?qid=20131123042700AAXEbpW
Why don’t they make 15 or 30 year fixed since interest rates are at record lows?

Serious and educated answers only. Trash will get thummbers downers.

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