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@dobyzheee I’m not an expert on residential mortgages but I work in commercial real estate financing. Right on idea but just to clarify banks can’t really borrow at BoE base rate. They can borrow overnight at a similar rate, but for borrowing 2-5 years it’s around 5% for banks, hence you’re...

@bellamas This is a great comment. Also OP speak to a good mortgage advisor so you really understand what your options are. If it looks like base rates are going down from next summer I’d be inclined to look at a tracker, but that’s obviously a bit speculative. 16% seems extremely unlikely...