To ask what you’re doing about your mortgage?

[Franklyfranky]

my 2% fix expired last December, enter massive rate shock as my repayments went up by £550. Dh was insistent rates would come down so we went for a 2 yr. the 2 yr expires in October (funding tranches) and I wish we we for a 5 year.

i can’t really justify paying the erc on the deal to move to a 5 yr now which would be about £1500. I’m hoping things calm down But given where rates are heading… womp womp

those whose deal is ending this year, what are you planning to do? I’m debating a PT to a tracker

I'm currently on a 2% fix which expires in October. Will probably go for a 2 year fix next as may be ready to sell after that point.

It looks like we're heading for a recession, so I think that interest rates may come down, potentially quite quickly.