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I am fully expecting interest rates to still be high by the time we re-mortgage in 3.5 years time.. I think I read in a few places predictions are it could peak towards the end of next year at 4.5%
That would be 2 years of interest rate increases - I really have no expertise but I cant see it coming down rapidly / quicker than it went up?
Im actually concerned that theoretically if it does peak in Q4 2023 that only gives 2.5 years for it to come down from the peak by the time I re-mortgage!!
Basically, I dont think there are any good options so pick your poison.
apc
Hah, yeah, I did that, then interest rates went up again - and does anyone think they are coming down this year, now?
I'm also totally beholden to my current provider as my mortgage is in two bits, one part (the smaller, thankfully) rolling over end Jan, the other bit rolling over Jan 2025. The SVR is currently 6.25%, and they can offer me a fixed two year no fee at 4.8%.
HAPPY DAYS