Should I stay or should I go?

longsightrob

Hello all - can I ask your opinion on our mortgage?
We have a mortgage that is 5 years old in January and will be eligible for changing without any penalty. The product is 5.7% across the 25 year although there is only 20 left.
We've looked around and due to one thing and another we could get another product at 4.1% - so the question is should I stay or should I go, with the likely hood of interest rates only going one way, I should ride out the losses now for gains later on?

Thanks

anto164

you can get some good deals about currently - Most certainly lower than 5.7 percent - Presuming it's a variable rate?

Best advice - Go speak to an independent mortgage adviser, they will recommend a switch if it's financially beneficial.