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Fixed vs Tracker
flands_2
Posts: 8 Forumite
My mortgage deal comes to an end soon - tracker, below BOE base rate and I'm now looking for a new deal.
Having read the remortgage guide and lots of threads I'm undecided whether a fixed or tracker deal is best. I'm leaning towards a 10 year fixed which gives me the closest monthly payment that I'm on now. The discussion I've read leads me to think that lenders are basing their deals on the LIBOR rates rather than the BOE and therefore any drop in the BOE rate will not be reflected in the products available.
Can anyone tell me how much the repayments about £1000/month would be on a 10 year fixed after inflation is applied?
Having read the remortgage guide and lots of threads I'm undecided whether a fixed or tracker deal is best. I'm leaning towards a 10 year fixed which gives me the closest monthly payment that I'm on now. The discussion I've read leads me to think that lenders are basing their deals on the LIBOR rates rather than the BOE and therefore any drop in the BOE rate will not be reflected in the products available.
Can anyone tell me how much the repayments about £1000/month would be on a 10 year fixed after inflation is applied?
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