At a loss to know the best solution some say go to standard tariff, others say a new fixed Tariff.
Wondering if any one else in the same quandary.
Any suggestions ??
Like Jim, I've been unbelievably lucky here: I took a 2-year fix from September last year. At the time, Martin Lewis et al were saying that all the fixed tariffs on offer were more expensive, therefore they were poor value and the thing to do was take a variable tariff. Whilst I have a lot of respect for ML, that didn't seem right to me: my logic was to take a longer view and accept that I'd be paying more for the first few months, if the cap rose after the initial period I'd be quids-in, but if it fell I'd simply transfer away (no exit charges on the tariff). The gamble worked and I was "in profit" after just a month of the rise of the cap in April (but obviously I have a cliff-edge coming up in a year's time). So I'd suggest anyone in that position now should take a longer-term view by doing some sums comparing the best fixed tariff available with what they will be paying on a variable tariff, making some assumptions about the effects of what the gurus are saying the cap will do over the next few cycles.
