Mortgage

Crosssaver

Our fixed rate ends at the end of Jan 2022 we pay 1.99 we have been offered a 5 year rate of 5.11 should we take this as we were offered 3.90 before the last rate change?

MFWannabe

Personally I wouldn’t fix for five years at a rate higher than 5%
what are the other options? 2 year fix or tracker rates 

housebuyer143

I wouldn't take that. Personally would go on a tracker and see how things go in the coming months

dander

only you can make that decision - no-one can predict the future and uncertainty is particularly high at the moment. It's a gamble and you have to decide what matters most to you. If you fix at 5.11, you will have a fixed payment that you can budget for for the next 5 years - you add certainty into your life. If you choose not to, you might save money if rates are favourable, but you could find your payments just go up month after month. You could end up paying over the odds either way.