Flexx plan or 5 year fixed - that is the question

doac00

Folks,

Hopefully someone can assit - my original tracker plan has come to an end and thus on SVR so need to change this.

I note some companies offer great Flexx plans, like Godiva, that have no real penalties tied to it apart from the initial whopping fee (no different to the fees to fix to be honest) - this plan is thus not tied to the bank of england rate and they could raise and drop it at their discretion but why would they do that when their early repayment on this plan is nothing so the incentive to raise willy nilly is not there as folks would change plan quickly

There are some pretty good fixed rate offers and it you're going to do it you may as well go for the 5 years ones for good measure if the economy is subject to getting allot better over the next 2 years - correct?

So in essence I'm in a quandry - Flexx on the super rates and wait to see what happens over the next 2 years or so then change to a fixed if they start to rise signifficantly or go for fixed now as fixed in two years may have worse rates OR they may not go up that quicker and then lost out with the super rates of the FLexx

Any suggestions/ideas ???