Will fixed rate mortgage deals regain some of their old popularity? It’s a possibility, with the CBI adding its voice to the chorus warning that rate rises are on the way.

Of course, similar predictions have been heard before – and proved premature. And it’s hardly surprising that, with Bank of England base rate stuck like a limpet on 0.5%, many borrowers have chosen tracker deals. Others have been content to float along on their lender’s Standard Variable Rate.

Could that be about to change? Inflation has remained stubbornly above its 2% target in the face of repeated assurances from the Bank that it would drift down over time. Some are now warning that the Bank’s credibility is at stake, with Monetary Policy Committee member Andrew Sentance arguing that a small rate rise now is better than a sudden hike later.

Others say that the economic effects of the government’s spending cuts and tax rises have yet to be felt. They also point out that higher prices in the shops aren’t feeding through to higher wage demands. Both these factors will tend to hold back inflation – making an early rate rise unnecessary, and even damaging.

In this uncertain climate, some borrowers may well consider the fixed rate option when choosing their mortgage or remortgage deal. Some will also take the opportunity to consolidate their borrowings, and opt for the peace of mind of one fixed monthly payment. Whatever your preference, Go Remortgage can provide you with the basis for an informed choice.