Tracker or fixed rate...? Advice needed!

living_legend

truescot wrote: »

I am also with the A&L currently and the best trackers I can get from them is 5.89% with a 2% fee or 5.98% with a £999 fee. how did you get the fee-free 5.75%???

Im in the exact same boat with Alliance and Leicester and would take 5.75% with no fee but i phoned them and they said they dont do that.

They did offer the same as truescot was offered though

Any info from GETITPAID would be appreciated , cheers

elsien

Nationwide update ( and this may only apply to existing borrowers) - the 2, 3 and 5 year fises are all 5.98% and fee free, and the trackers (2yr - 5.98, 3 yr- 5.74) are also fee free.
I'm glad I held off a bit, as when I phoned a couple of weeks ago, I was also quoted the £599 fee.

JCR

We are also in a similar position 4.99% with NR ending in November. Went to see Nationwide yesterday (our LTV is about 84%) and were offered a 6.38% fixed for 2 years or the tracker of .74%, although the website offers a rate of 5.98 so not sure if it is our LTV rate or the fact that we are new mortgage customers, as to why we were not offered that rate. We are of the mind that the fixed will be better for us - interest only - but it allows you to pay off up to £500 of the capital each month. We are going to work on getting the capital down to try and bring our monthly payments down.