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Remortgaging - is it worth moving from the idea of a tracker to a fixed based on current trend?

IAMIAM
IAMIAM Posts: 1,425 Forumite
Sixth Anniversary 500 Posts Name Dropper
edited 22 December 2022 at 7:02PM in Mortgages & endowments
I initially wanted to apply for a tracker, currently 3.89 but the equivalent 2 year fixed is 4.89, which I presume the tracker will get to when BOE is 4.5%, so wondering, is it worth just applying for the two year fixed instead - the only drawback i have is i want to move! It was the case trackers were very very low compared to fixed, but it looks like the gap is becoming so small, is it there any difference? My remortgage date will be mid June 2023. Thoughts?

Even thought 5 year fixes are circa 4.5%, I am put off tieing in for so long as things change so often (as weve seen) - We could end up with a Labour government, lower rates and better public services in two years time!
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