If your mortgage deal...

lippy1923

was due to end in July this year, what deal would you look to get next and for what reasons?

(just interested as my deal comes to and end soon and I have no idea what to do next)

The_J

Depends on

1) Rate you are reverting to
2) Loan to value ratio
3) Plans for the future

lippy1923

Personally, the rate my mortgage would revert to is about 1% more than I am currently on.
My mortgage is only 2 years old, so another 23 years left, but was just interested in what other people would personally go for.
Would you fix it? while rates are still low?

DannyboyMidlands

I would take a punt on a cheap BoE tracker and aim to pay the sucker off in about 5 years. Providing I could afford rate rises should my punt fail.

The_J

It completely depends on your circumstances, what rate specifically you are going on to, the rates available to you (LTV) and future plans.

If you were about to go on maternity leave or take a couple of years off work, would it be reasonable to recommend a tracker? No.

If you had plenty of disposable income and were not risk averse I'd advise taking a punt on rates staying low.

Noone can predict the future, you can only take what is an acceptable level of risk with the information you have to hand.