Ok, thanks a lot for that. A few follow up questions.
After the fixed period ends, do I have an option to choose a new fixed or a tracker rate? If so, shouldn't I also review the level of other rates I might use when the fixed period ends?
Or maybe, should I not worry about it and if the bank I chose for a fixed rate has no competetive rates, I could just switch to a different one?
How does it work please?
Some websites give info like: "fixed rate rolling to standard var. rate".
What's that about?
Cheers.