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Remortgaged in Sept 08 to 3yr fixed deal at 6% - any way to get a better deal?
anfieldroar
Posts: 11 Forumite
Hi,
I remortgaged in Sept 08 to a 3yr fixed deal at 6% - now that the rates have shot down is there any way to get a better deal?
Will, for example, a move to a 2% tracker over 3 years plus the cost of the early repayment charges make it worth while to swap now?
Thx
I remortgaged in Sept 08 to a 3yr fixed deal at 6% - now that the rates have shot down is there any way to get a better deal?
Will, for example, a move to a 2% tracker over 3 years plus the cost of the early repayment charges make it worth while to swap now?
Thx
0
Comments
-
Without knowing the size of the mortgage, term, ERC and LTV, it is impossible to say.
However, if a fixed rate deal was the better option 6 months ago, what has changed that makes you suddenly want the uncertainty of a tracker? With base rates at near 0%, trackers will only track upwards.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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