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Fix or Tracker

Maka344 · 2024-04-12 10:30:05

We are looking at our mortgage options and are stuck between a fix and a tracker: £605k mortgage (in the south :neutral: ) £265k equity Fix: 4.57% 2 years @ £2888 and £1k product fee Tracker: 5.40% 2 years @ £3208 and £1.5k product fee With the fix, it is obviously fixed for the period and if BoE base rate drops by a…

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coypondboy Posts: 98 Forumite

15 April 2024 at 2:52PM

I would play safe and go for a 5 yr fixed as geo-politics likely to keep inflation high and little scope for interest rate cuts had a good run 0.5 over base lifetime tracker until 2 yrs ago opted for 1% fixed now just got 3.99% fixed but only 10k mortgage on a property 600k so can take the risk

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Fix or Tracker

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