On great variable deal, do i fix?

teef23

Hi,
I currently have a great variable deal (well deal has ended and so i am on BoE rate at 2.45%). The question is do i fix now given the uncertainty over the new Government? I was thinking of going for a 5 year fix in case rates suddenly start to go up and then all the best deals go. It worries with with a Tory Government and what happened in the 90s. I owe about 120k and so this could mean paying:cool: 200-300 more a month. Help????

Thanks

dimbo61

Depending on your LTV you could get a 5 year fix for about 4.5% with a couple of lenders but you would also have to factor in fees £999 and other costs to change lenders.
If you can overpay as much as possible and sit tight and wait and see what happens with interest rates 0.5% for 15 months and still holding!

dimbo61

Coop now doing 3.99% fix for 5 years fee £999