Hi whats the general consensus on mortgage deals at the moment and going forward.
My current deal ends this month 2 year fixed rate paying £364.34 at the moment it will switch to the banks standard variable which is 3.5% and a monthly payment of £274.05
I can either stay on this for the remainder of my mortgage term with no tie in or opt for the following (from my current lender)
2 year fixed rate 4.19% £305.64
2 year tracker 2.59% £244.03
Im tempted by the tracker as rates would have to increase by 3% to bring me back to what im currently paying, what are your thoughts how will the bank of england manage rates over the next two years? Is the forecast for them to stay low or a large increase? thanks
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