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Want out of off-set...
czechmate_2
Posts: 11 Forumite
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?
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?
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Comments
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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.0
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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?0 -
Full term.0
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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.0
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