To fix or not to fix?

Regular readers of the money press and visitors to our site will be aware that the recent hot topic in the mortgage world has been whether to fix or not.  Up until now the overwhelming evidence has pointed towards fixing being the right thing to do.  However, the best fixed rates have disappeared over the last few weeks, and the best tracker mortgages are now looking more appealing.  Five-year fixed rates for example, have jumped sharply in response to expectations that interest rates will be considerably higher in the future.

It is now a really tough choice for borrowers and no generic advice will do.  That said, if John Charcol can be generic, if fixed rates do go up by another half a per cent then trackers arguably will look better value.



Of course what a borrower should do will depend on their own specifics and independent mortgage advice is absolutely key as there are so many things to consider.  These include the future movement of bank rate, loan size, income, how long you need the loan for and many other things.

Our advice? Get advice…