give up tracker?

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johnm01

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currently on tracker at 5.5%, 8 years left on mortgage and have been offered rate of 3.75%. Should i take it?

ecb rates are coming down soon so they say but will they ever drop so far again that it beats 3.75?
 
Nobody can accurately predict the future but I’ve been of the view for some time that somebody on a tracker should consider fixing -

Key Post - Should borrowers with trackers consider fixing? (General guidelines)

It seems increasingly likely that we are going to see a series of rate hikes by the ECB in the near future. According to Philip Lane, ECB chief economist - "I think it’s clear that at some point we’re going to be moving rates, not just once, but over time, in a sequence." If the ECB raise the...
www.askaboutmoney.com
 
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