Folks,
I am trying to figure out if I am better off going with the current tracker of 3.4%APR or with a 2year fixed rate of 3.8%APR. I am taking a 100% mortgage of somewhere between 350-380K. I'm wondering about this, as I keep reading about the likelyhood of the ECB increasing the rate by up to 0.75%, in which case, I'd end up with a tracker of 4.25%. It's really hard to tell what's going to happen, but has anyone got any views on this?
I am trying to figure out if I am better off going with the current tracker of 3.4%APR or with a 2year fixed rate of 3.8%APR. I am taking a 100% mortgage of somewhere between 350-380K. I'm wondering about this, as I keep reading about the likelyhood of the ECB increasing the rate by up to 0.75%, in which case, I'd end up with a tracker of 4.25%. It's really hard to tell what's going to happen, but has anyone got any views on this?