Alfa Romeo Forum - View Single Post - UK interest rates

PC7671 · 16-05-2008

It's a bit dull but as long as the arrangement fee isn't to high and any penalty payments for bailing out early decrease with age, I'd go for the fixed rate. your monthly out goings are fixed and you know where you are.
As the difference between the fixed and tracker is 1% your only going to win on the tracker if the rate goes down by more than 1%(and stays there). Which with high inflation set to continue seems unlikely.

Ps. Acapulco Al might know more about this than me.

16-05-2008	#8 (Post Link)
PC7671 Club Member Club Member Number: 153 Join Date: Mar 2007 Location: A4074 Posts: 1,617 Member car: 156 2.0JTS Lusso SW	Re: UK interest rates - up or down :confused: It's a bit dull but as long as the arrangement fee isn't to high and any penalty payments for bailing out early decrease with age, I'd go for the fixed rate. your monthly out goings are fixed and you know where you are. As the difference between the fixed and tracker is 1% your only going to win on the tracker if the rate goes down by more than 1%(and stays there). Which with high inflation set to continue seems unlikely. Ps. Acapulco Al might know more about this than me.