Mortgage advise - do we fix now

[mummyof2boys30]

So basically we were one of the lucky ones that Alliance and leicester messed up the terms of our mortgage so we only pay 0.25% above base rate. Now the rates are beginning to rise should we look at fixong our rate or ride it out as what we pay is quite low. Im clueless in all this despite only having 9 years left on our mortgage

We are in a similar situation and are considering a fix now.

How long a period can you fix for?

What value do you attach to knowing what the monthly cost will be long term?

Well what's the best fix you can get vs your current deal? But hell yes.

In addition to PP's questions, what can you afford?

Can you afford your mortgage at 5/7/10%?

You know they won’t let you fix at the current deal right?

If you can fix and that yea but fixed deals by their very nature won't be the same as what you're on now.

We were in the position as you incredibly low variable tracker we had before the 2008 crash. We’ve fixed at 2.09 and deal will take us to the end of our mortgage. Did it in February. best equivalent deal with our mortgage provider now is 3.24. Our thinking is the rates aren’t going down anytime soon.

We were in the position as you incredibly low variable tracker we had before the 2008 crash. We’ve fixed at 2.09 and deal will takes to the end of our mortgage. Did it in February, best equivalent deal with our mortgage provider is

If you’re paying 1.5 now, you could easily be paying 2% by Christmas. (I loved my A&l mortgage!)

we had a really cheap tracker but just fixed in April for 5yrs at 1.9 but 2 months later equivalent rates are 2.59% and still on the rise.

we planned for stability- in these times nothing is certain.