Inflation v interest rates and mortgage

[herewego9]

If Liz Truss goes ahead with the proposed energy price cap tomorrow it could bring inflation down to the 5% mark next year. What do people think BoE will do with interest rates then? My fixed rate mortgage is up in January and I'm tempted to leave it on variable until (and if) fixed products come down a percent or two.

Im not going to make any prediction. But things to think about. The exceptionally low interest rates we have had since 2008 arent normal (historical average is 4%-5%)The BoE have a target of 2% inflation so 5% would still be too high.Inflation may not come down to 5% because businesses that sell us stuff don't have a cap on energy prices so their prices will remain high. The value of the pound also influences interest rates (and inflation)

Get a broker to do a trawl for you to see what are best rates available. Once a lender makes you an offer you have 6 months to activate it. Worth getting an offer set up before BoE rate date and only take it if it makes sense in terms of where rates are going say in January.

You don't have to activate it op. But having it on back burner gives you some security.