To Fix or not to Fix

[Grumpyowl 0]

As above realy To fix your mortgage rate or take a chance that Intrest rates will stay @ 0.5 %.
Well I don't have a crystal ball and don't pretend to be an expert, but I can only see one outcome so I've chickened out today and fixed my mortgage rate.
Rather pay a few quid more per month than get caught out in 6 months time

[smilinjack 0]

It's what I'd have done in your position TBH. Rates will go up by the summer I'd say, and past history tells us that often the rate rise can be pretty steep. Only caveat is the continuing frailty of the economy, but inflation being what it is sooner or later they'll put rates up.

[RichardH 0]

I have a tracker but a small mortgage and not long left on it.

[trebor4460 0]

Difficult one, rates are gonna rise soon as inflations shooting up at the mo although not by much IMO as the economy recovery is very fragile and the bank of England will be reluctant to jepodize the recovery.

I'm on the fence on this one...

[peejay 0]

Hard to say what's the best thing to do really, certainly the word is that rates will rise this year but as said not by too much as it will really shaft any chance of a recovery, however slow it might be, guess it depends on what sort of rate you get it fixed at, tough decision