Mortgages - where are we headed?

[M3ax]

Looking at remortgaging sometime in the next 12 to 18 months. We currently have a mortgage at 2% fixed via a family trust which has worked well for all concerned up until now. The agreement runs for another 18 months or so and had always intended to move to a mainstream lender after that. There is flexibility in the agreement so we could, if we wish, end early if the right deal was around.

I guess the crystal ball question is - is it best to lock into something now or are we safe (ish) to wait? What's the general consensus? LTV will be somewhere between 50-60% depending on if we consolidate other debt etc. Credit score is excellent (via Experian) so I'm assuming we'll get a resonable rate.

opinions/ideas appreciated - thanks .

[M3ax]

Thanks for the replies all. Agree it seems more likely that rates will rise but I guess it's a question of when. On balance it makes sense to look around at deals now so that's what I'll be doing.