i do reckon they'll be going up in the next couple of months, but what do i know? they won't rise super quickly i doubt or it would cripple the housing market with loads of people on variable rates who are already crying about inflation, the boe knows this much, but they'll want to stop inflation. the answer is to win the lottery or have a rich parent die.
yeah i had been on the rip off SVR with my lender for a year. utter cunts, base rate is 0.5 and they charge 5%. its business so i can't blame them they are holding all the cards. i remortgaged now as the rates will be going up in 1-3 months unless the economy takes a dump again, i thought i'd remortgage before the rates go up and then property valuations go down so you have even worse loan to value, i saw that happening. plus i cut the term in half aswell. when you sit and figure out how much you have actually paid off over a few years vs how much you have given the bank i realised it was worth paying more a month to have the thing finished in 10 years.
lee if you are looking to remortgage i can recommend highly my IFA who i just secured a very decent fixed 3 yr term mortgage with. he doesn't charge and takes time to understand your situation before pushing any old sh*t through just to get his kickback. i'll happily pass his details to you.