John Charcol has launched a product that covers all these eventualities. The new exclusive is a lifetime tracker pegged at 0.19 per cent above Base Rate at 4.94 per cent with no penalties, no arrangement fees and the ability to drop lock into a fixed rate at any time.
Drew Wotherspoon of John Charcol, said: Even if rates go up in November, as they are currently predicted to, they are likely to come down again next year, meaning that a tracker would make a sensible choice for many borrowers.
And if rates dont come down again quickly, or fixed rates become more competitive, there is always the option to employ the drop lock and move across.
Other key features include a 5.1 per cent APR and a maximum loan-to-value of 75 per cent.
Find a best-buy mortgage
