My fixed term is coming to an end next month,I have 50% LTV and am considering HSBC Term Tracker (1.69 + Base Rate).I am going by experts' reckoning that rates will only slowly increase over next few years. (I can afford any increases in the monthly payment).Good idea? suggestions/thoughts welcome.Also I understand that if rates spiral then I can move to another HSBC product or other lender product without any penalties?
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21 October 2010