Tracker Mortgages

GOLFER

Just a quick question on trackers

when looking for a deal is it best to look at the rates and fees or look at the APR

Also if the APR is lower is this because some other deals have no tie ins

thanks

koexelek

I'd say the rates and fees are the most important.

The APR makes the assumption you stay on the lenders standard variable rate for the remainder of the mortgage term, after your incentive rate has expired.
In reality, you would hopefully get a new product with the existing lender the, or remortgage elsewhere, when the incentive period expires

rp8049

I'd agree, work out what term you will actually be keeping the mortgage over, and just look at the rates during that period, and any fees that will be included.