Would you secure this mortgage rate now?

[Whatsmm]

Currently on 2.8%. It ends next June 2027.

I am wondering whether I should get out now with a 4% one as I’ve heard they could increase to over 6% within the next year.

Does anyone better informed that me have any views on this? Im on my own so feeling the weight of the decision with a young child

we are due to remortgage in feb 2027 and I’m also unsure what to do

we are on a fixed deal of 1.68% that’s just ended. I’d secured a 4.17% fix a few months ago. Bank SVR is 6.6%.

Will you not have a redemption figure to pay to get out if it now?

They won’t go as high as 6%. The fee you’ll need to pay to come out this fixed rate will be more than any savings you’ll make.

rates are on their way back down, lenders are putting deals out for first time buyers again. They are trying reignite the housing market 6% rates are not sustainable

Thank you to be honest I thought they would only be going up!