What would you do?

dosh1

My fixed rate mortgage expires 30th March 2023?

What would you do in the current climate at it seems rates may be coming down this year?

TIA

TheJP

I decided on a 2 year tracker with my current lender (Virgin) at 0.6% above BOE base rate. My rate currently is 4.10% and could rise to 5.1% at its peak which is affordable however we also have the freedom to move to a fixed rate with Virgin if they improve below the lowest 4.10% i am paying now. I recommend seeing what you have available, what you can afford and whether you are staying in your property long term.

jonnypb

Everyone's circumstances are different and lots of factors to consider.  Amount of mortgage, length of time left, do you plan on moving, are you comfortable with taking a risk with a tracker, do you want security of a fixed if the payments are affordable etc etc

MFWannabe

I’d find out different rates for available products and make a decision based on those and My circumstances