Im off to see nationwide in an hour..

TighterThanTwoCoatsOfPain

cranezoe wrote: »

.....gone on the 2 year tracker at 3.5% above base rate. we can switch to have that fixed without a fee at any point.

HOLY COW!! That has to be one of the worst tracker margins i have seen (although not looked for a week or so)..

You need to keep a seriously close eye on the martet as if rates jump back up in similar increments to them going down you could find yourself paying and arm and half a leg overnight.

1.5% + 3.5% margin = 5% today which for a tracker today is poor... are you sure that's correct?

cranezoe

Im sure....
the monthly payments on the extra £33000 we are borrowing works out at £200 a month.

cloud_dog

According to the website its BR + 2.49% (3.99 in total)

cranezoe

Maybe thats what it is then, Im a bit confused.
we have 85% LTV

dimbo61

Dont be confused check with the NICE lady you spoke to at the branch and consider a fixed rate deal if 5% on a tracker cos thats poor value but as you have said you can jump onto a fixed rate deal at any time ( dont forget the fee ! )

socrates

cranezoe wrote: »

Maybe thats what it is then, Im a bit confused.
we have 85% LTV

hmmmmm.......