fixed or tracker?

Twinklestar_2

what is best to go with at the moment?
We are FTB in the UK ( owned property in South Africa before) we found a house we like, it was on the market last year at 315 but the sale fell through and due to divorce they want a quick sale so it is now 250, a big drop so we don't feel we need to wait for the price to come down. Just wanted some advice as the whole system here is different

Jonbvn

Impossible to tell if the house is good value or not. It may have been massively overvalued last year @315k.

You have to give more info, such as location, house details etc. Ideally, a rightmove link would be best.

beecher

It depends on your attitude to risk to some extent. Work out how much your payments will be on the tracker you're interested in, and then work out how much interest rates have to increase to make the payments difficult to afford.

You also need to work out how fixed and tracker rates which you can get compare - you haven't stated your LTV or salary multiple so it is difficult to know.