I currently have a very good tracker rate ( + 0.75%) but with talks of rates rising this year is there any instance where i should look to go to a fixed rate or would i be mad to give up this ( current ) very good rate?
I'm in a similar position (+.5%) and I have no intention of giving it up as I have approx. 17 years left on my mortgage. In the short term the fixed rate may be more cost effective as interest rates rise but over the longer term of the mortgage I believe that staying with the tracker is the best option.
I would only countenance going with a fixed mortgage if keeping your costs consistent over time is a priority and you would benefit from working with a fixed paymeny monthly.
I currently have a very good tracker rate ( + 0.75%) but with talks of rates rising this year is there any instance where i should look to go to a fixed rate or would i be mad to give up this ( current ) very good rate?