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Tracker Based on US Libor ??

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Aletank
Aletank Posts: 568 Forumite
Part of the Furniture 500 Posts
in Mortgages & endowments
I'm not due to remortgage for 6 months or so yet, but was just checking out the Charcoal online Mortgage Comparison service.
It came up with the Leeds & Holbeck US Libor, 10 year Tracker Mortgage as the best deal/mortgage for me.
Whats the US Libor ?
How stable is it ?
Any other information too please as I've never heard of it before
Thanks Guys ;)

Comments

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi

    this ( and similiar products) has been discussed before -
    to save reating it all again
    try a search on "libor" in the mortgage section
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • Aletank
    Aletank Posts: 568 Forumite
    Part of the Furniture 500 Posts
    OK Thanks ;)
    Looks like its a lot more risky and based on US interest rates staying lower than UK rates.
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