Fixed rate or tracker rate?

Jemma01

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 YOU