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24 November 2009

My fixed mortgage is coming to an end next month.

I have 2 choices to choose from. They are 1. to have another 2 yrs fixed at 3.99% with £424 charge saving about £359 or go for 3yrs tracker variable at 3.19% at present with the same charge at £424 saving about £482. My problem I am not how the base rate is goiing to be withing those 3 years if I decide to go for it. My question is should I take the gamble on the cheaper rate and hope it does not go over the 3.99% (fixed rate).

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