i's mortgage expert helps a reader navigate remortgaging after the end of their fixed-term amid unpredictable rates
Market interest rate expectations are reflected in swap rates. These rates are influenced by long-term market projections for the Bank’s base rate, as well as the wider economy, internal bank targets and competitor pricing.
While these are likely to be priced higher than a two or five-year fixed term, they will provide the flexibility to move to a lower rate in the future while avoiding potentially being tied into a higher rate for longer than necessary. Firstly, assess your finances. Take a close look at your current financial situation. Consider factors such as your income, expenses, savings, and any other financial commitments you have.