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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 YOUI'm FTB, not an expert, all my comments are from personal experience and not a professional advice.Mortgage debt start date = 11/2024 = 175k (5.19% interest rate, 20 year term)
- Q4/2024 = 139.3k (5.19% -> 4.94%)
- **/2025 = 44k (4.94% -> 3.94%)
- Q1/2026 = PAID (3.94%)
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