Re: Fixed or Tracker Mortgage.

From: Sam Smith <unknownq@xxxxxxxxxxxxxxxxxxx>
Date: Fri, 28 Sep 2007 14:02:13 +0100

toad wrote:

If you were borrowing 100k today would you Fix or Track?

Discuss.

Fix for 5 years as I prefer to know what my payments are going to be and I have little confidence in interest rate expectations.

18 months ago interest rates were forecast to drop - then went up to our current high - then they were predicted to increase further and now - in the space of few months the general thought is that they will come down again. With forecasting quality of that nature I would always prefer to fix.

Call me an old square ;)

---
Sam
.

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Re: Fixed or Tracker Mortgage.
... Fix for 5 years as I prefer to know what my payments are going to be and ... I have little confidence in interest rate expectations. ... but the professionals get it wrong all the time so ... With forecasting quality of that nature I would always prefer to fix. ...
(uk.finance)
Re: Fixed or Tracker Mortgage.
... I have little confidence in interest rate expectations. ... With forecasting quality of that nature I would always prefer to fix. ... to rocket and everyone thought a house price crash was just round the ... Despite that I bought, and bought on a variable rate. ...
(uk.finance)