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New tracker mortgage - 2.49% above base rate?
Deans_2
Posts: 29 Forumite
Can anyone help me please?
Our discount mortgage runs out in March and I have been looking into new deals.
My bank phoned today to offer me a 3 year tracker mortgage at 2.49% above base rate.
What do you think?
Our discount mortgage runs out in March and I have been looking into new deals.
My bank phoned today to offer me a 3 year tracker mortgage at 2.49% above base rate.
What do you think?
0
Comments
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I think thats poor, look at long term fixed, 5 or 10 years IMHO - 2.49% over base looks very nice at 1.5%, but the shine comes off if Base rate rises to sey 6% - Whuch in 18 months is REALISTIC0
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Thanks Unite,
I have been offered a discount rate from current Building Soc which seems ok but was trying to look at other options.
I think you are right though,
D0 -
I'd be looking for a fix too in your position.
Anything close to 4.5% for 10 years would be good.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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