Is now the time to fix your rate?

Posted on October 6, 2009 by Liz Hopkin

As of today, interest rates on various tracker mortgages from Woolwich have been reduced by 0.50% - for example, a lifetime tracker to +2.29% above the Bank of England base rate. 

This is great news but many people are worried that a general election in the spring of 2010 may be the time that rates increase again. So should you be prepared to ‘buck the trend’ now and go for a fixed rate?

Liz Hopkin is a Mortgage Adviser at Nightingale Mortgage Services Ltd. The views given in this blog are personal to the author.

The Financial Services Authority does not regulate buy to let and commercial mortgages, nor property search services.

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