Best Tracker deals right now?

stingrayj

I have 178,000 mortgage and an offer from Halifax to go on Tracker (no collar) of 2.19 above base rate for 3 years - cost is £999.

It doesn't seem that good to me, but broker can't get any better deals.

This may be crystal ball gazing territory but do you think any better deals will emerge in next few months?

SmileyG_2

Is the Tracker linked to the Bank of England Base Rate?

jiggy2

stingrayj wrote: »

I have 178,000 mortgage and an offer from Halifax to go on Tracker (no collar) of 2.19 above base rate for 3 years - cost is £999.

It doesn't seem that good to me, but broker can't get any better deals.

This may be crystal ball gazing territory but do you think any better deals will emerge in next few months?

not sure what your LTV is but this tracker deal is 1.49% (for life) over BoE baserate and fee is £599.
http://www.firstdirect.com/mortgages/rates.shtml

Jig

spuds_2

The Guardian have a helpful table. If you click on 'personal quote' it will calculate the monthly cost:

http://guardian.lcplc-online.co.uk/bestbuy.aspx


First Direct and HSBC have been best in recent weeks, though FD wait is around 10 weeks I think.

stingrayj

thanks will cert look at FD

feisty1

stingrayj wrote: »

thanks will cert look at FD

10wk wait........

dunstonh

Going onto the SVR may well be the best option for the short term with some lenders. Then getting a decent fixed rate in the Spring before rates start to rise again in 10-12 months time.

manikm

jiggy2 wrote: »

not sure what your LTV is but this tracker deal is 1.49% (for life) over BoE baserate and fee is £599.
http://www.firstdirect.com/mortgages/rates.shtml

Jig

what does the ltv need to be for that?

jiggy2

manikm wrote: »

what does the ltv need to be for that?

http://www.firstdirect.com/mortgages/offset-faqs.shtml#n6

Loan to valuation (LTV) amounts – offset Base Rate tracker

Amount :j Maximum LTV :j New build maximum LTV
£30,000 up to £1m :j 80% :j 75%