FIX or Tracker!

[jdscrub]

Hi Folks

Unfortunately just coming off a 2 yr fixed, currently on a tracker.
We have looked into switching and initially we decided to go with halifax (possibly for a 3 yr fixed at 5.8%).
Lately though cant help but think we should stay on the tracker with our current bank?
Just in relation to Loyds takeover and the potential sale of HBOS in Ireland, i wonder would it be best to stay clear of switching to Halifax? or if such a sale did materialise would it make any difference to our mortgage if it was with Halifax.

Another thought on fixing, at the moment we have full mortgage relief which would allow us to afford the higher fixed rate, just thinking if we find fixing an affordable option maybe its a safer bet?!

Would really appreciate any thoughts on this

scrub

 

[ClubMan]

Have you checked the many existing threads on the whole fixed versus variable/tracker question? Do you really need to fix due to current or potential future cashflow issues? If not and you can comfortable afford your repayments now and if rates happened to increase by a few percent then go with a competitive tracker rate in my opinion.