Should I fix my tracker mortgage?

Glenisla_3

Hi

I have a tracker mortgage with C & G which we took out last November. Should we be thinking about fixing our mortgage rate?

dimbo61

No information ?
What rate are you on ?
Any tie in penalty if you move?
Whats your LTV ?
do you want to stay with C&G and take out one of there fixes?
How long do you want to fix ?
Your question is like me taking you to asda and asking you to do my shopping !!!!

Gorgeous_George

Generally speaking, I would say now is a great time to fix. Fixed rates may never be lower in our lifetimes.

On the other hand, if you are on a collar-free tracker paying about 1%, you would need to fix for a long term to tip things out in your favour. Every month that the base rate stays low means your fix needs to be longer.

When rates rise, I think that they may well rise more slowly than is necessary to prevent mass repossessions. Maybe your tracker will prove to be better thn fixing. Who knows? You could try Mystic Meg?

GG