So the question remains, fix now or later?  [...]]]> There are plenty of people who are very happy with their low standard variable rate mortgages right now but these rates won’t remain low forever.  As I write this the Bank Of England is currently at 1%.  The rate could go down further but obviously not by much. 

So the question remains, fix now or later?  Who knows on this one.  Some lenders have been putting fixed rates up recently even though base rates are going down.  Does this mean that any new fixes coming on to the market will be higher?

No one has a crystal ball right now so it is difficult to tell.  Personal finances come down to personal choice.  If you are worried about rates going up you might fix now otherwise stay on the variable rate and take your chances in the near future.  One thing is for certain, standard variable rates will go up again one day soon so don’t get used to them now and think that these rates are ‘normal.’