Seek Better Morgage Deal??

sdl811

Hi, have a tracker morgage and get the base rate of 4.75%.

Is there a better deal if i move? I pay £263 a month...

any advise would be helpfull

MarkyMarkD

At £263 per month, you don't have a very big mortgage.

Which means it probably isn't worth paying switching costs to move.

And products which reimburse switching costs are not likely to be sub-bank base rate.

So, based on the limited information available, I don't think that it's worthwhile for you to switch.

payless

Is there a better deal if i move

the term "better deal" is very subjective

There may be lower rates ( but as Mark rightly states- possible fees might outweigh the savings)

However these rates ( or even those at a higher rate) may offer features , such as offset, flex, overpay, fixed etc... that some people might say makes the deal "better"