who got the lowest lifetime tracker with no exit fee ?

cogito

Which person with a brain would pay off a loan costing less than 1% when you can get more than 3 times that in an instant access account?

brixham

cogito wrote: »

Which person with a brain would pay off a loan costing less than 1% when you can get more than 3 times that in an instant access account?

Don't knock a warm fuzzy feeling.:D

fc123

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

As it's you, I will answer with honesty.....:o

We are .49% above base no penalties or limits on overpaying etc etc.

I think we may be a textbook case from a random civil servant working deep in the bowels of the treasury.

It has enabled us to invest the savings in our business but.......if we had to find 5% or whatever, we would as we don't earn a fixed income. The T/O comes in, the costs go out and what is leftover supports us, then any surplus goes into pushing new ideas forward.

If the extra 4% was going to the mortgage, it then wouldn't be spent in our business. The investmenet may pay off...but, likewise, it may not.

It is also enabling us to finish DD education and is making life a lot easier at the mo.

However, it is just a bit of random good fortune really.......plus I see it as a credit against the high rates we struggled to pay during the 90's.

techno12

cogito wrote: »

Which person with a brain would pay off a loan costing less than 1% when you can get more than 3 times that in an instant access account?

Where can you get 3% after tax, instant access?

I'd rather overpay on my 0.98% mortgage for that fuzzy feeling - it really is addictive seeing the total come down each month...but I know what you mean. Theoretically I ought to not overpay a penny and save into a '2% after tax' account or whatever but sod it, I'm so up on the deal when I switched to the tracker I don't care.

Jonbvn

What are doing with the saving?

a) Overpaying the mortgage - YES
b) Saving cash into ISA - ISA's already full.
c) Buying shares or Corporate Bonds - YES but in a S&S ISA - see point b.
d) Enjoying life to the full. As always!
e) Something else - Such as?

kennyboy66_2

Anyone else on a 5 year fixed rate (4.89) that still has 11 months to run and jealous of all you jammy jackals ?

Just me then !

JasonLVC

maveli wrote: »

BoE+0.23.

Where are all those BoE minus ones. Are they all finished or they stop coming to this forum ?

Same here, BoE + 0.23%, lifetime tracker, no exit fee. Cost £595 with HSBC.

abaxas

With all this talk of a taxes increasing..

I smell a huge opportinuty here.

Thrugelmir

We seem a very select group on here. :j

Hardly representative of the the average mortgage holder.

Maybe that's why this forum has been hidden.

To protect us all. :cool:

chucky

nearlynew wrote: »

I'm on a great deal.

I own 2 houses without any mortgage.

from being an ex-HPI Junkie you've relapsed and started to contribute to HPI again - that is not good


by not selling one of those properties at 3 times average salary - you're just reducing the supply even further and contributing to house price increases