POLL: You choosing this TRACKER or this FIXED mortgage??

aoleks

4.99% TRACKER (0.74% + BR 4.25%)

Tracker all day, based on what you said and the market.

proformance

70 / 30 at the moment in favour of the fixed rate.

However, the tracker commenters seem to be quite animate din the replies. 

Could you guys advocating the tracker share your rationale? You're probably less risk averse than the people voting for the fixed, but what scenarios are you imagining playing out to make the tracker more favourable? 

housebuyer143

proformance said:

70 / 30 at the moment in favour of the fixed rate.

However, the tracker commenters seem to be quite animate din the replies. 

Could you guys advocating the tracker share your rationale? You're probably less risk averse than the people voting for the fixed, but what scenarios are you imagining playing out to make the tracker more favourable? 

My tracker is 0.29% above base which is still less than the 2yr fixed rates around that are comparable. My rational is I think base rate has all but peaked and will be going down in the next 2yrs. 
I can't justify fixing at the prices today. I can swallow the increases though so am less risk adverse.

Londoncheesecake

4.99% TRACKER (0.74% + BR 4.25%)

Tracker here too and we picked this for flexibility and no early repayment charges. 

It was very close call between the that and the 2 year though

george4064

4.63% FIXED

For such a short time period (2 years), I’d opt for the fixed product. Rates will have to drop by 25bps twice (bringing tracker to 4.49%) for it to be cheaper than the fixed product.

Over a 5 or 10 year fix period, I’d be more inclined to go with the tracker.