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HSBC fixed rates have dropped today, but trackers have increased...
IAMIAM
Posts: 1,425 Forumite
The difference between a 2 year fixed and tracker is now around 1%, (less on a 5 year fixed), based on the fact that the BOE will increase to circa 4.25/4.5, is it now worth fixing as tracker rates will go beyond fixed deals mid year next year?
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Comments
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I noticed this too, do we expect fixed rates to drop even more? I am not sure whether to re lock in now. I have an offer against rate of 5.24% no where near ready to complete so not sure whether wait or lock in at this new cheaper rate.1
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Isn't the whole point of going on tracker to gamble/hope rates go down towards end of 23 and into 24? In this case you may or not be better off than currently fixed rates.0
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This is true.
With the tracker at 3.89, 2 year fix at 4.79 and 5 year fix at 4.43 all with HSBC, I am presuming the tracker is going to reach the same rate as the 2 year fix in less than 6 months?! So now the 2 year fix is appealing, depends what happens beyond the two years!0 -
The 5 year option looks a good deal to me tbhMFW 2026 #5007/03/25: Mortgage: £67,000.00
Mortgage:
04/04/26: £33,500
07/03/26: £34,418.15
16/01/26: £56,794.25
02/01/26: £60,223.17
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
Savings: £20,0000
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