Hi.
My DP has a BTL property and the fixed rate is sadly coming to an end in January. I've been looking at the current rates and it's just depressing.
I think we wouldn't go for a fixed rate at the moment, so we're only looking at trackers vs discounted rates.
Could someone explain to me which one is riskier? The disocunted offers seem cheaper at the moment but I think a tracker would be safer as it follows the BoE base rate rather than the lender's own base rate, right?
Is there anything else we should be looking at? Is there anything we're missing?
Any insight would be greatly appreciated.
Thanks
x