Advertising feature: Helping you make the right financial choice Scotland Courier
Although in today's turbulent times your answer may change almost every week, there are important considerations to bear in mind, whatever's happening in the financial world.
Fixed rates may not be the cheapest option
With many financial analysts arguing that interest rates are expected to rise in coming months, a flurry of fixed-rate deals have hit the shelves .
Unlike, say, a variable rate mortgage , a fixed-rate mortgage can offer more protection against future rate rises because your monthly mortgage repayments will be set for a particular period of time no matter what happens to the interest rates.
So whether times are turbulent or not, taking this route can help you to budget, as you know how much you need to pay each month. However, it might not be the cheapest option.
It's important to look around carefully and find the best deal for swapping your mortgage deal.
There will be additional fees, so compare rates before deciding.


