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Fixed rate or tracker rate?
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I'm not qualified to advise you what to get, esp as it requires a lot more details that you haven't provided. Your life style and affordability should dictate what you get, and also what your LTV is.My neighbour and I were talking about our rates, I went for a tracker with HSBC direct @ 5.44% and he went with another lender and got something like 4.39% fixed for 5 years. Neither of us cared whether the bank of England will drop the rate or not, and we certainly don't think it'll drop in August. He wanted financial stability and I wanted pay off asap with no limit.Your situation should dictate what works for YOUNote:I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
Q4/2024 = 139.3k (5.19% interest rate)
Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
Q2/2025 = 109.2K (interest rate 4.44%)3
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