Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in, and we will get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at money@theipaper.com .

Question: My mortgage is up for renewal in December 2025 and I have five years until it is paid off. I currently have a 1.89 per cent fixed rate, and my bank is offering 4.19 per cent for a five-year fix. A broker has offered 3.69 per cent, or I could use my home line of credit at 4.95 per cent. What should I do?

Answer: You’re in a good position but facing one of those tricky timing calls that only seem obvious in hindsight.

With a fixed rate at 1

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