With interest rates expected to rise in May, is now the right time to switch to a fixed rate mortgage?

I'm not sure if lenders will have more competitive products once interest rates have fully recovered? Or if the early bird gets the worm?

Asked by msg4branston

1 Answer

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by Darren Smith, IFA in Basingstoke, HAMPSHIRE
rates have been "expected" to rise for the best part of 12 months or more!

the reason for taking a fixed rate is because you want a set budget that wont fluctuate in terms of your monthly cost. if you are not concerned in the slightest about the rate going up, thats a reason to look at other deals.

fixed rates were never marketed to be cheap but to offer peace of mind. | 04.13.11 @ 19:19
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 08.22.17 @ 22:28
Log in or sign up with email
By submitting you agree to our Terms of Service
Free SimplyFinance Membership!

Get FREE, full access to SimplyFinance.com

Answered by

Darren Smith
Darren Smith, IFA in Basingstoke, HAMPSHIRE

Related Questions

Q&A
Asked by katie.jenkins
Q&A
Asked by katie.jenkins
Q&A
Asked by stevensonbecca59