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fixed or tracker with 10% deposit??
pagetta
Posts: 17 Forumite
Up until a couple weeks ago the best deal we could find on the market for 10% deposit was 5.99% fixed for 2 years and £599 fee. But now hsbc are offering a tracker at 4.59% / £999 fee. I worked out over the two years we would save up to £2600 if we went with the tracker - and up to £125 a month, and the base rate would have to raise more then 1.4% before we would be losing out. If in two years this happened we can change products....
We are first time buyers buying a GFF for 166,500.
What would you advice be on tracker Vs fixed?! I'm thinking tracker is the way forward whilst the base rate is so low....Any ideas/advice welcome!
We are first time buyers buying a GFF for 166,500.
What would you advice be on tracker Vs fixed?! I'm thinking tracker is the way forward whilst the base rate is so low....Any ideas/advice welcome!
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