Just bottled it and moved back onto a fixed rate mortgage

[2cats2many]

We've been enjoying a very cheap STV for the last year, but recent political events and talk of a 'tought couple of years',etc is worrying me so much that I've decided to go back onto a fixed rate, even though it costs more.

Our mortgage is so massive, that if we had to suddenly pay 3-4% more than we are at the moment, we'd be crippled.

I'm feeling a bit happier and safer now.

Just out of interest what fixed rate have you got?

We are hoping that out decision to fix a couple of years ago was worth it - it certainly hasnt been over the last 3 years because the rates have fallen so much.....BUT we fixed for 10 years so generally rates are a bit higher and we are overpaying when we can so when it comes to an end we should in theory have paid the whole thing off.....

I really like knowing EXACTLY what we need to pay and also not worrying about the next deal...

we've constantly been on a fix - has cost us more recently but we could afford it when we took it out and still can. Prefer to be able to budget effectively even though it has cost us money the last couple of years. Couldn't bear worrying if there was to be a massive hike.

I've only ever had a fixed rate mortgage. I would have to be earning a hell of a lot to feel comfortable risking a rise in payments.

We got a 3.99% rate for two years + £999 arrangement fee from the Halifax. That's a rate for existing customers.

I have alway had fixed rate mortgage. Being self employed I need to know that my mortgage will not increase during the fixed rate term. I am paying for it now but that is the price of security.

Fixed rate definitely best option if a big rise in rates would mean you would finfd it difficult to pay your mortgage. All the advice at the moment sems to be that now is a good time to fix as there are indications that base rate rises are on the cards.

We have been on a two year tracker which is finished in November. We have done well out of it but will probably look at fixed rates now.

i have also bottled it - we have had one year on 2.5% (which was very very lucky, looking at the historical base rate)

now signing up for 3.78% for two years more with Nationwide - an increase in the base rate of more than 1.28% would make us worse off than this rate, but an increase of 2% would render our mortgage greatly less affordable...

I thin we can all be pretty certain the base rate won't fall further, so it is nearly certain it will go up sooner or later..and once it moves upwards, probably all these low fixed-rate deals for existing customers will evaporate.