To fix or to track? Your thoughts please...

Posted on 8 January 2010 by Drew

2 comment(s)

There is much debate in the industry and press currently as to the right course of action when it comes to picking a mortgage.  At JC, we still believe that trackers are likely to be the product of choice for some time, but would be interested to know what others think.  So please let us know

Jez Mangley says:

It doesn't make much difference; neither of them is likely to change much in the very near future. It's still as it's always been; what's important to the client? Is it the cheapest rate now or the ability to confidently budget their expenditure?
Posted on 08/01/2010 14:14 by Jez Mangley

Murray Fraser says:

My sources tell me that lenders are in the process of increasing SVRs with the sole purpose of pushing their customers onto fixed rates to avoid large numbers of defaulters which would arise from BoE rate hikes.

Fixed Rates are the way forward but I suspect that many like myself are sitting on their hands waiting for either (a) signs of a BoE rise (which i dont expect before Aug 2010) or (b) some improvement in the fixed rates on offer which are still poor compared to SVRs
Posted on 11/01/2010 11:10 by Murray Fraser

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