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Would you not be better off going on to a tracker that doesn't have an exit fee, it'd give you the same flexibility but save you some cash in the meantime? (disclaimer - I've never had a tracker so might not know what I'm talking about?)
Gewürzt-
Possibly, but often you’ll pay an arrangement fee, so you might find that offsets any benefit of lower monthly payments over a short period.
Worth looking at, but quite a lot of trackers aren’t much different to SVR now.
I have a mortgage coming up for renewal in Jan, my plan is the same as @Velocio ‘s - don’t fix, see what happens. As property sales slow and the base rate stabilises mortgage companies should get more confident and more competitive so I reckon rates will drop.
Maybe.
Hefty
damn.
oh well.
I am still going to stick with my plan... ride the variable for 6 months to see if the market recovers enough from the minibudget mayhem and whether inflation comes a bit under control, and move to a fixed in late Summer 2023.