Fix again or not at present????

stoobyizzy

My 5 year fixed rate(4.89%) with the Nationwide comes to an end in August. I'm in a quandry as whether to let it go to variable rate at present in light of lower rates or arrange another fixed or similar?
I have approx. £90k mortgage (house was valued 5 years ago at £185k). Any advice anyone could give me?

geoffky

if it was me i would fix but only you can make the decision about the state of the economy..i think its in a basket and gone to hell but others think we are just out of a recession? you choose

Euphoria1z

personally i would take advantage of the low svr and then over pay and bring that 90k down even further, then keep checking on here, the moment theres a hint of rates rising, then fix, as it could well stay this low for another yr. and when you do fix, fix for as long as possible. Thats what i would do personally.

Yorkie1

+1 Euphoria1z

opinions4u

What is the low SVR? If it's the 2.5% I'd stick with that, overpay, but understand the risks of doing so.

If you move on to another product I believe they remove your "right" to go on to the old low SVR when your product ends.