help with mortgage please

grayie10

hi, i have a mortgage , which i pay 4% intrest , this is the minimum i can pay , but in my mortgage contract , if it rises above 4% i pay 40% less than the base rate(but no lower than 4%) ...so as i am paying 4% at the minute i am lossing out short term , but long term would i be better staying on the tariff i have, as if i do switch to a tracker or something similar , i can never have this offer again ,
got 20 years left to pay !!!
about 115k to pay !!!
thanks any help would be much appricated andy !!!:)

grayie10

Would you change if you were me ?

Thrugelmir

What's your LTV?

grayie10

thanks for reply , not sure what LTV was so googled it , house was worth 145k when bought, but only paid 134k for it , with 12k deposit, so mortgage was for 124k ...thanks all advise welcome as i have no idea about what is best long term ,