0.50% Tracker good rate?

brranger

Hi could anyone tell me if a offset tracker at 0.50%above Boe base rate for life of mortgage no fees sounds ok? only catch seems to be a charge of £5per year If I dont insure with them. its with newcastle building society

link to details

Thanks Ranger

stanmoresaver

brranger wrote:

Hi could anyone tell me if a offset tracker at 0.50%above Boe base rate for life of mortgage no fees sounds ok? only catch seems to be a charge of £5per year If I dont insure with them. its with newcastle building society

Thanks Ranger

Looks ok- depends a lot on the functionality of the offsetting-

A offset will only be best value if you use it.

Hope this helps

SS

pipee

brranger wrote:

Hi could anyone tell me if a offset tracker at 0.50%above Boe base rate for life of mortgage no fees sounds ok? only catch seems to be a charge of £5per year If I dont insure with them. its with newcastle building society

link to details

Thanks Ranger

I have this mortgage and can highly recommend it, they are very efficient and the offset aspect works very well, transfers and payments are quick and they update your account immediately online. You don't need to pay the £5 a year if you have a leasehold property and even so you may find their building insurance competitive anyway. The no fees aspect is also very competitive.

I can't really find a better deal than this for an offset but would now consider the Nationwide tracker which is +0.29% for life. It will depend upon your level of savings as to whether this would work out better

brranger

Thanks for taking the time to answer this one for me ss and pipee good to have opinions of others.

Ranger