Are we heading recession?, page-71

It'll take years to get down to 2-2.5% rates, generally fixed rate mortgages have higher rates than SVR.

It's up to the individual homeowner whether they want the security of fixed rates for a few years or not, nobody holds a gun to their heads.

You'd be surprised how flexible the banks are when they think they will lose your business or to gain new business. Anyone who pays the advertised SVR on a mortgage is a fool.