Okay well we all know the rates of mortgages has hit an all time low and will probably go lower in the next few months. My problem is i've got 3 mortgages all that have been on fixed terms. One at 5.89% at 3 years remanining, one at 5.49% with 4 years remaning and a final one as a Buy To Let at 6.59% with only 1 year left. As its predicted within a few weeks these rates will probably be double if not more what is available market.
My question is is there any way I can get out of these fixed terms? Or can I renegotiate with my lender to reduce these terms?
If not do you think it is more viable to pay the breaking fee as it might make things cheaper in the long run?
All help and advice appreciated.