Buy to let - fixed or tracker?

3 replies
Found 21st Dec 2009
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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3 Comments

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.

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)

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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