Should you take a fixed or variable rate mortgage? (and what's the difference?)

Should you take a fixed or variable rate mortgage? (and what's the difference?)

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Should you take a fixed or variable mortgage? Deciding which mortgage to go for has always been tricky. There are so many options when it comes to mortgages so advice from a mortgage broker is always a must!

But nowadays it is not as straightforward, with the economy unsettled and world events affecting interest rates the decision is even harder!

In the past most people have tended to just opt for a fixed rate. I mean why wouldn't you with rates so low it has made sense.

But now fixed rates have dramatically increased but the equivalent tracker rates have not gone up so much. One has stability at a higher rate, the other is lower but not as stable... which will you choose?!

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