To Fix or not to fix

smn198

We have a 90% LTV mortgage we just started with Britania. It is a discounted rate for the lifetime of the mortgage and at the moment we are paying just over 4%. I've seen a number of people saying that inflation is a worry and that it may be worth fixing for at least 5 years. The best fixed rate we can get is around 6.5%. This is obviously a lot more so I wondered if anyone had heard any predictions about just how high interest rates could go and how long they may stay high. Sure no one is a time traveller but would be interested in hearing a variety of opinions.

Thanks in advance! Steve