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[Deleted User]
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Personally, given your plans I'd go for the 5 year tracker. I think that's the best tracker rate in the market.No crystal ball but based on what the bank has said and inflation trending downwards in the US, I don't think bank of england rates are going to get a lot higher.1
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base rates to hit 4.5% by next May but not sure for how long and an incoming labour govt in May 2024 will worry markets and keep bond yields higher than necessary so a base rate traxker best bet for 2 yrs.1
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[Deleted User] said:Thank you both.
@coynpondboy why not 5-year since there is no ERC -- I could always switch to fix rate or re-mortgage, right? if .6%+BOE is considered a good tracker offer.Exactly.2 year +0.60% tracker, 1k fee, no ERC5 year +0.60% tracker, 1k fee, no ERCI might be missing something but I can't think of any reason why one would pick the 2 year over the 5 year
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