My partner and I have a joint mortgage with RBS that is coming to the end of its 2 year discount deal. We bought the house on a 30 year 100% mortgage as we have other houses we rent out and did not want to sell them at that time. Given the markets moving to another lender is not really an option given LTV. RBS have quoted us a 6.5% 2 year fixed which although more than we are currently paying is quite attractive given the level of debt. As such I want to get signed up as soon as possible, however, this quote was given before the interest rate cut last week. Am I better holding off and seeing if rates come down in the future? Ideally I would like a fixed rate but how long is there between interest rate cuts and changes to fixed rate products. Any help appreciated.