Want out of off-set...

czechmate_2

Okay so I have a Natwest offset package outstanding £104,000 on a property probably still worth somewhere near the £270,000 I paid in July 2007 I have 19 years left and am currently paying 6.45 % the last few rate cuts haven't been passed on and I'm getting itchy feet. We have no other debts good credit and are both working (I'm S/E other half is a teacher.

I'm thinking tracker without arrangement fees, what sort of offers should I be getting considering our low risk and the equity we have in the property? Any good deals around for folks like me?

minimike2

Something at around 1% over base with free legal and valuation fees would seem reasonable. I think HSBC have the cheapest at the moment. You should seek some advice though to make sure this is the most suitable product for you.

czechmate_2

minimike2 wrote: »

Something at around 1% over base with free legal and valuation fees would seem reasonable. I think HSBC have the cheapest at the moment. You should seek some advice though to make sure this is the most suitable product for you.

Can I expect to get such a deal to run for the full term or will it be limited to 2 or 3 years?

minimike2

Full term.

CluelessJock

Guys,

Does the benefit of moving not depend entirely on how much is being offset?

EG if 100% is being offset then the rate has absolutely no impact on cost.