who got the lowest lifetime tracker with no exit fee ?

techno12

I have exactly the same deal as the OP and taking the opportunity to overpay by loads as I am scared of where rates may be in 2 or 3 years time..

Every bit extra paid now will reduce the pain in the future is my thinking.

Thrugelmir

Base +.35%. Could have had got cheaper rate at outset but only took 12 year mortgage so product fees outweighed saving.

Also have offset facility. So if interest rates rise. :beer:

So here's a question for everyone.

What are doing with the saving?

a) Overpaying the mortgage
b) Saving cash into ISA
c) Buying shares or Corporate Bonds
d) Enjoying life to the full.
e) Somehing else

Really2

Thrugelmir wrote: »

Base +.35%. Could have had got cheaper rate at outset but only took 12 year mortgage so product fees outweighed saving.

Also have offset facility. So if interest rates rise. :beer:

So here's a question for everyone.

What are doing with the saving?

a) Overpaying the mortgage
b) Saving cash into ISA
c) Buying shares or Corporate Bonds
d) Enjoying life to the full.
e) Somehing else

Putting £1K pm in the offset. I offset for security so although not MSE I am happy with it.

nearlynew

I'm on a great deal.

I own 2 houses without any mortgage.

setmefree2

Thrugelmir wrote: »

What are doing with the saving?

a) Overpaying the mortgage
b) Saving cash into ISA


See signature :A

Mr.Brown_4

Thrugelmir wrote: »

So here's a question for everyone.

What are doing with the saving?

a) Overpaying the mortgage
b) Saving cash into ISA
c) Buying shares or Corporate Bonds
d) Enjoying life to the full.
e) Somehing else

Now that is a good question. And deserves an honest answer.

As rates dropped I dropped the amount I was paying. Because needed to build a cash pile quickly in case of job disappearing. Reckoned cash better than paying off mortgage in such risky times. I am now slightly less worried and am paying more off my mortgage than originally, but paying less actual mortgage if you see what I mean.

As next year tax and VAT go up, maybe to be followed by rates, I will become even less inclined to spend money and support our 'recovery'.

Really2

nearlynew wrote: »

I'm on a great deal.

I own 2 houses without any mortgage.

I thought you were for making houses afordable for the average person?

Don't forget inflation is theft and 1 person owning 2 houses causes some of that inflation.;)

But looks like some of us are trying to get ours paid off though.:beer:

nearlynew

Really2 wrote: »

I thought you were for making houses afordable for the average person?

Don't forget inflation is theft and 1 person owning 2 houses causes some of that inflation.;)

You're right.


If the price of both fell to zero, I wouldn't give a f*ck.

I'd still have two houses with no borrowing against them.


The only people who want prices to rise are debt-junkies.

brixham

BoE + 0.34 for lifetime.
Am overpaying mortgage by max allowed most months £500. They send me a great letter every month I do that showing how much time wise it has come down. Sad I know but always get the last one out to compare the two and get warm fuzzy feeling !
Oh and car is a red one.

Old_Git

BOE + 0.18 % for life ,current mortgage £30 interest only