Fixed rate coming to an end

[R196]

Good Afternoon All,

our mortgage is on a 2 year foxed rate of 4.54 which is due to end in Dec. Does anyone know what the best option is eg, fix again, variable, tracker? and if so, what is the best current rate?

 

[Guest116]

Just search the forums, has been answered many many times.

Generally agreed a tracker is best option assuming you get a good margin and that you dont feel you need to fix your repayments.

 

[so-crates]

Also depends on what your agreement offers at the end of your fixed term. Have a look at the options they provide. In general, fixed is a premium product, it costs you more both in the long and the short term and should only be considered if either a) you need certainty about your repayment amount or b) your crystal ball is 100% reliable and telling you that mortgage rates will precipitously rise to more than 5%

 

[Soarer]

Don't think you'll get a tracker mortgage at this stage either, so you can knock that one off your list.