Abbey reignites tracker market
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m_c_s
Posts: 285 Forumite
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A lot higher than they were, though (not at all surprisingly).
Their cheapest tracker, at 4.89%, is 1.89% above base rate, and only available for 60% LTV. And a £500 fee.
I don't think taking this would make much sense if they maintain their 3% collar. This would mean that this mortgage could only go up, not down....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »A lot higher than they were, though (not at all surprisingly).
Their cheapest tracker, at 4.89%, is 1.89% above base rate, and only available for 60% LTV. And a £500 fee.
I don't think taking this would make much sense if they maintain their 3% collar. This would mean that this mortgage could only go up, not down.
I am not sure that the collar exists for many existing borrowers!
http://forums.moneysavingexpert.com/showthread.html?t=12775090 -
No, but I reckon the odds are good that it will for future ones!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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phone the service centre they will tell you.0
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Those rates aren't too bad.
They are on a par with trackers that were on offer about a month ago.
It's no good wishing the lenders would offer trackers of just over 3%. It just isn't going to happenI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
We can dream though can't we.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
its 'dreaming' which got us into this mess in the first place!!!I am a mortgage advisor:A0
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lol. Good point.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
Those rates aren't too bad.
They are on a par with trackers that were on offer about a month ago.
But if they do maintain the 3% collar, surely it can only go up?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »But if they do maintain the 3% collar, surely it can only go up?
True. They are much better than any fixed rates currently on offer though, so if rates stay low, are worth taking, even if there will be no further rate reductionsI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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