OVER DEZE AFLEVERING
Tracker, two-year fix or five-year fix? Choosing a mortgage deal isn't simply about picking the lowest rate available today.
In Episode 137 of the Prime Property Finance Podcast, Gareth Morgan and Mark Watts discuss how borrowers should approach one of the biggest mortgage decisions: how long should you fix for, or should you consider a tracker instead?
With different products offering different levels of certainty and flexibility, Gareth and Mark explain why trying to predict exactly where interest rates will go can be the wrong place to start. Instead, the decision should come back to your own circumstances, future plans and attitude towards risk. Episode 137
In this episode, we discuss:
- Tracker mortgages and how they respond to movements in the base rate
- The differences between tracker, two-year and five-year fixed products
- Why the cheapest headline rate isn't necessarily the best overall deal
- The value of certainty when budgeting for mortgage payments
- When flexibility might be more important than fixing for longer
- How your future plans should influence the mortgage product you choose
- Why fees need to be considered alongside the interest rate
- The danger of trying to time the mortgage market
- How property investors may approach the decision differently
- Managing risk across a wider property portfolio
- Why there isn't one mortgage product that will be right for everyone. Episode 137
Whether you're a homeowner considering your next remortgage or a property investor reviewing borrowing across your portfolio, this episode will help you think beyond the headline rate and consider what actually makes sense for you.
If your mortgage deal is coming to an end or you're unsure whether to fix or consider a tracker, speak to Prime Property Finance about reviewing the options available for your circumstances.
Contact us now if you would like to know more
Disclaimer This podcast is produced by Prime Property Finance, an independent mortgage brokerage. The views expressed are for general information purposes only and do not constitute personal or financial advice. Listeners should avoid taking action based solely on the content discussed and are encouraged to seek advice tailored to their individual circumstances. The information shared reflects the personal opinions of the hosts and any guest speakers and does not necessarily represent the views of Prime Property Finance as a company. Prime Property Finance is not responsible for any losses or actions taken as a result of this podcast.
