My fixed rate morgage is up at the end of august, im not sure weather to take a chance on a tracker? UK?

Question

My rate at the moment if 4.75% if i go with a fixed with my current lender it would go up by £170 a month. The tracker seems the better option at the moment but is it to risky to do? I still owe £127000 on my house!

Answer 1

Just stay on the standard variable rate until a better fixed deal comes along.  That is what I am doing and what was recommended in one of the Sunday papers last week.