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Remortgage advise
tygirl202
Posts: 1 Newbie
My fixed rate mortgage fell out of it's term in December and now I am paying over £150 more each month. I was in the process of trying to sign up for a 5/10yr fixed rate mortgage (we built our house and have no intention of moving) bit now I see the Bank of England have cut interest rates again.
Can you advise on best way forward?
Should I still go ahead with a fixed term or switch to looking for a variable tracker?
If I fix for 5 years, is the country likely to go into recession and I'm 5yrs when my term has ended are interest rates likely to be sky high again?
Please help as I am very unsure as to how to proceed
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Comments
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Fix it for 5 years, is what I would do if the rate is low enough for you to afford.
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