Lifetime Tracker +99% - is it time to ditch

QuestionsQuestions

Hi All
I have a lifetime tracker at .99% above the base rate. There is 50K left on the mortgage over 16 years. We are currently overpaying and at the current interest rate this should be repaid in just over 8 years. 
My question is should we go for a 5 year fixed rate over 8 years where outgoings = the current amount including overpayment or stick with tracker?
What are others thinking that are in the same boat?
Thanks all

simon_or

It's only a fairly small mortgage so in your place I would not ditch a lifetime tracker.

raf300

QuestionsQuestions said:

Hi All
I have a lifetime tracker at .99% above the base rate. There is 50K left on the mortgage over 16 years. We are currently overpaying and at the current interest rate this should be repaid in just over 8 years. 
My question is should we go for a 5 year fixed rate over 8 years where outgoings = the current amount including overpayment or stick with tracker?
What are others thinking that are in the same boat?
Thanks all

simon_or said:

It's only a fairly small mortgage so in your place I would not ditch a lifetime tracker.

A good question and reply 

We are in the same  situation as the OP but our tracker is 1.79% plus base. So a little bit higher. 

 

I am not sure on whether to fix  or not. 

We we are looking to move if the right house comes up. However very few houses are coming on for sale at the moment. 

My view is, flexibility might be best here so we can check the whole market for a mortgage than be tied to one lender and pay an exit fee.
Which means staying on the tracker and continue the overpayments. 

Appreciate others view. 

The tough question is how high will the  base rate go? 

Nobody knows