Mortgage deal coming to end - what to do?

[RudolphTheGreat]

Our mortgage fix comes to an end in March. I was all geared up to tie in to a new deal asap a couple of months ago but, now I'm not sure whether to wait until nearer March to see what happens with the interest rates. What are others doing atm?

We are in a similar position to you although ours ends in July, we will probably do a five year fixed deal but who knows what the rates will be at that time so difficult to know what to do for the best😫

Mine ends march. Currently 1.09% which we'll never see again! Went with nationwide's 2 year tracker of 0.49% above base rate (they reduced this recently from 0.94). Figured this was best as 3 year fixed is 4.84 equating to a further 7 0.25 increases. It also had no erc fees. NB. I am existing customer so might get preferential rates.

We have about 4 months to go but tempted to go on a tracker. We've always fixed so far but our childcare costs should reduce over the next year so my thinking is we can hopefully absorb the risk a little more now. Tough call though so interested in what others are doing.

We are meeting our IFA in early Jan, rates are creeping down slightly so we are not fixing yet. I think we will end up on a 2 year tracker at 3.4ish as the fixes are all around 5. But we can’t shop around for various reasons this time so can only do the product transfer option.

Tracker has the option to fix so seems like a good bet. But we are going to decide in Jan.

My 5 year fix also ends in March (2.29%). I could have fixed a new deal in November but only if I had remained with my current provider. I have always fixed for 5 years at a time, but who knows what is best to do, 2 and hope the rates drop or 5 in case they go up.

My IFA is keeping an eye out for me at the moment with my current provider and reserving a rate every 2 weeks so we can jump on it if we want to. Rates have already dropped since I made the decision to leave it until March.

In the same boat here, too (early April). Our mortgage is quite small relative to our earnings (less than 1.5 multiplier) so I think we'll go for a tracker as we can absorb increases now our childcare bill has dropped. Not sure when to go for locking in a rate though.