As if buying a home wasn’t enough of a lottery, borrowers are now facing a major gamble on their mortgage.

Whether buying or remortgaging, they need to work out how long to fix for and try to assess what might happen next to interest rates.

On the basis that even the world’s top economists and investors didn’t spot the past year’s sudden interest rate spike coming and can’t agree on what central banks will do next, that’s a tough task.

Five-year fixed rates are cheaper than two-year fixed rates, but borrowers worry they risk locking in at higher rates for longer.

Meanwhile, trackers are pricier but could fall if the base rate comes down, although there’s not much agreement on when the Bank of England will stop hiking or how swiftly it will lower rates when it eventually does.

On this podcast, Georgie Frost, Helen Crane and Simon Lambert discuss the great mortgage gamble and what people can do.

Also on the show, the house price hotspots of the past decade – and why living in a place where home values has doubled may not be a good thing.

Simon takes a look at UK shares, why they are considered cheap and whether they are a decent investment or not.

Helen talks through her latest Crane on the Case and how it involved a loyal BA customer locked out of a staggering number of Avios points and getting a raw deal from the airline on sorting it out.

And finally, here is a test of your age: how well do you remember the Ford Orion, Austin Maestro and Vauxhall Nova… and did you ever believe that one day they’d be classic cars?

Related links

The great mortgage gamble: what should you do?

The top 50 house price hotspots

The UK stock market is cheap but will investors who back it finally get luck on their side?

Have my 650,000 Avios points vanished?

The cars turning into unlikely classics