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The important thing to remember with fixed rate deals is that sure the rate may drop AFTER you fix your rate but so what?
None of us can see into the future and on a big mortgage it's a lot of money at risk.
If you set the rate at a rate you can afford and then the rates go down a little more (and lets be honest they are not going to fall that much more) you can still afford to meet the repayments.
If you don't set the rate and suddenly their is a rate hike, you may no longer be able to afford the payments and then you are stuffed.
So do you hold out for that extra £30 a month saving at the risk of your payments going up £100 or do you bite the bullet, fix the rate and not have to worry for the next 3/4/5 years?
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