Are 2 year fixes now the way forward as opposed to 2 year trackers...

Options
IAMIAM
IAMIAM Posts: 1,203 Forumite
First Anniversary First Post Name Dropper
in Mortgages & endowments
Barclays and MANY other lenders seem to have dropped rates drastically today, most trackers are now 0.75% above their equivalent fixes, with BOE increasing again in May, thats a potential 1% difference, and I don't see BOE dropping by 1%, before the 2 year fix is up?

Thoughts....

Comments

  • housebuyer143
    housebuyer143 Posts: 3,438 Forumite
    First Anniversary First Post Name Dropper
    Options
    Your psychic now? You seem to know the base rate is increasing next month when no one else does?
  • IAMIAM
    IAMIAM Posts: 1,203 Forumite
    First Anniversary First Post Name Dropper
    Options
    It will, until the July one when it will stay
  • mi-key
    mi-key Posts: 1,581 Forumite
    First Post Name Dropper First Anniversary Combo Breaker
    Options
    If the lenders ( who employ large departments of very qualified people ) believed it was going up in May and not dropping for two years they wouldn't be dropping rates now... 
  • C225
    C225 Posts: 22 Forumite
    First Post
    Options
    IAMIAM said:
    It will, until the July one when it will stay
    You don't by any chance have the lottery numbers for the weekend?
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.7K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.9K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards