Is my tracker mortgage that good?

fewcloudy

misterbarlow said:

Similar situation to OP, we bought in 2006 on 2yr fixed which then went onto a +1% lifetime tracker, our mortgage nearly halved for last 10-12yrs or so, its now gone up around £100 already this year..

We don't know whether to ride it out for a few years, or switch and fix at higher rate now as decent fixed deals are rapidly disappearing this week..??

It must depend on what each small increase/decrease in the interest rate affects your monthly payment by, I would've thought?

Balances under 50k, you must only be talking 10-20 quid a month for every 0.5% rise?

But what difference does a move onto best rates currently available make per month? Plus any fees involved?

I'd ride it out if I were you.