By James Evans, Director, TouchPoint Mortgages.
As we move towards 2026, one of the biggest questions homeowners and buyers are asking is:
“Should I fix my mortgage rate, or go for a tracker deal instead?”
With interest rates still under the spotlight and lenders adjusting their pricing regularly, it’s understandable that people want to make the right move — whether you’re remortgaging or buying a property in West Sussex.
In this article, we’ll explore what’s happening in the market, the pros and cons of each option, and how to decide which one is right for you.
Over the past year, we’ve seen some welcome stability returning to the mortgage market. The Bank of England Base Rate has remained steady, and inflation has started to cool — two signs that we’re heading in the right direction.
Many lenders have already begun reducing their fixed-rate deals, while tracker mortgages remain attractive for those who believe further rate cuts are on the horizon.
However, the right option for you depends on your personal situation, goals, and how much certainty you need in your monthly payments.
A fixed-rate mortgage means your interest rate (and monthly payment) stay the same for a set period — usually 2, 3, or 5 years.
Pros:
✅ You’ll know exactly what you’re paying each month.
✅ Protection from any future rate increases.
✅ Easier to budget — especially for families or first-time buyers.
Cons:
❌ If rates fall, you won’t benefit from lower payments.
❌ You might face early repayment charges if you want to switch or move home during the fixed period.
❌ Typically slightly higher starting rate than trackers.
Fixed rates are often best for those who value stability — especially if you’re planning to stay in your home for the next few years or are working to a tight monthly budget.
A tracker mortgage follows the Bank of England Base Rate, plus a set percentage (for example, Base Rate + 0.5%). If the Base Rate drops, your mortgage payment will too — but if it rises, your payments will increase.
Pros:
✅ You could benefit from lower rates if the Base Rate drops in 2026.
✅ Some trackers come with no early repayment charges, giving flexibility if you plan to move or remortgage soon.
✅ Historically, tracker rates can start lower than fixed ones.
Cons:
❌ Your payments can go up, making budgeting more difficult.
❌ Rate changes can happen quickly if the Bank of England adjusts the Base Rate.
❌ Less peace of mind than a fixed rate.
Tracker mortgages can work well if you’re expecting rates to fall or if you’re planning to move home within a short timeframe and don’t want to be tied to a fixed deal.
There’s no “one-size-fits-all” answer — it comes down to your priorities.
If you want stability and predictable payments, a fixed-rate mortgage might suit you best.
If you prefer flexibility and the potential to save money if rates fall, a tracker mortgage could be the better option.
If you plan to move or remortgage soon, look for a tracker with low or no early repayment charges.
And if long-term budgeting confidence matters most, a three or five-year fixed rate is likely the safer route.
At TouchPoint Mortgages, we help homeowners and buyers across Littlehampton, Rustington and Angmering find the mortgage that suits their circumstances — not just the lowest rate on paper.
We compare deals from a wide range of lenders (including exclusive rates through PRIMIS, the UK’s largest mortgage network) and help you make an informed decision with confidence.
If you’re unsure whether to fix or track in 2026, or your current mortgage is due for renewal soon, get in touch for free initial advice — no upfront fees, no jargon, just straightforward guidance.
👉 Contact us today to review your options.
Send your message and we will be in touch, alternatively you can book an appointment to chat to one of our team.
