2 Year Fixed Rate or Tracker (<75%LTV)

moonmonkey02

Opinions please - looking for a 2 year deal on a new house purchase - my advisor thinks a 2 year tracker is best but I'm swinging towards fixed rate - current rates would be 3.28% tracker or 4.18% fixed? I think we're likely to see BoE base rate inevitably rise from the current 0.5% certainly after the general election but not sure by how much - any thoughts?

dimbo61

I take it that the mortgage is over 25 years so both deals will mean you will have paid off very little over 2 years!
Is this a new build and what will it be worth in 2 years ??
Think long term if you plan on staying in the property for the next few years
First Direct do a 3 year fix at 4.54% on 75%LTV fee £499 and look at 5 year fixed deals for security. Rates are still low