2.39 BRT (term) or 4.64 (5 year fix)?

ashley10_2

I am currently tryting to decide to go with a 2.39% Base rate tracker or 4.64% 5 year fix mortgage.

I have 40 - 55% deposit if needed but would like to keep a bit back for fees/improvements etc.

I am looking to make overpayments so the 2.39% BRT looks good but am i being a bit shortsighted?

It allows early repayment so does this mean i can jump ship when rises start to happen?

Should rates start to rise generally would lenders hike their fixes quite rapidy or would i still be able to gain a competitve fix rate still?

Thanksfor any help guys

Gorgeous_George

Only you can decide what is right for you.

I would take the 5 years fixed rate at 4.64% rather than a tracker at BofE +2.39%.

GG