Low Rate, No Fee Tracker.

John_G66

Coming to the end of a C&G 3yr fix. Don't think this is a good time to fix, so going to dip my toe in the tracker market. C&G have offered me a 1.69 above the base rate with no fee, or for £495 1.29 above, I believe Woolwich do a 1.29 above with NO fee, looks like Bye Bye C&G. After going through a few threads First direct had a 0.79 above with no fee but I can't find this on their site, has it been pulled ?, I do see a 0.99 above but that again has a fee !

Any suggestions then folks............

dunstonh

How much if the balance of your mortgage. I did some comparisons recently on C&G (as my own mortgage is there and is due for change of deal) and found that the higher fee options were cheaper than the no/low fee options.

firesidemaid

hi there

the fd fee-free one went about a week ago. what is your ltv, balance, years left etc?

John_G66

firesidemaid wrote: »

hi there

the fd fee-free one went about a week ago. what is your ltv, balance, years left etc?

Thanks for the FD info.

I owe 74k, property worth 195k, 23 yrs to go........

firesidemaid

i got in there (fingers crossed) just before it 'went', but they have some others with low-ish fees too.

i think hsbc might have some low-ish fees ones too.

it all depends on if you want to go into a fixed again, if you do maybe hang on a bit to see if (hopefully) base rate comes down again.

if you go with you c+g no fee one (nothing to lose) you will pay no exit fee with current lender and will save arrangement and exit fees that it would cost you to go to another lender (likewise if you then wanted to move to another fix) - i hope that makes sense.