Buy to let - fixed or tracker? - HotUKDeals
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Buy to let - fixed or tracker?

craigk8163 Avatar
6y, 11m agoPosted 6 years, 11 months ago
Looking to purchase a buy to let property and trying to decide if I go on a fixed deal or risk a tracker. Does anyone think the bank of England will raise the rate next year?
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craigk8163 Avatar
6y, 11m agoPosted 6 years, 11 months ago
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#1
It doesn't matter what anyone on here thinks, if they could predict things like this, they would be getting paid serious money in the city, and not hanging on a site full of dole wallers.

If the fixed rate is good and you can't affford a 3% for example rise, fix it.
#2
Are you serious?

Dont you know the GDP is still falling and coupled with a higher than expected borowing rate your going for buy to let.

There's more money in pickles.

Ask Gordon (or pay for some sound FSA advice)
#3
Rates are certain to go up next year after the election. By how much, depends on who wins, my money would be on a bigger increase if Cameron gets in.

If you can get a fixed rate of 5% or less then you should do OK. If it's over 7%, you take your chance!

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