fixed or tracker!!!Help!

Snippa

If IRs stay relatively low, the great thing about a tracker is that you can still pay the extra you would pay on a fixed, say £100pcm, but it comes straight off your capital, which will reduce your interest payments a little each month too. If you go onto fixed, the extra is just interest.

:beer:

cgirl_2

sorry back again.... five year fixed 4.74% no extended tie ins, £999 fee. Lifetime tracker 1.99% above base. no tie ins £999 fee. x

HarrowArrow

cgirl wrote: »

sorry back again.... five year fixed 4.74% no extended tie ins, £999 fee. Lifetime tracker 1.99% above base. no tie ins £999 fee. x

I took a 5 year fixed back in Dec 2005 at 4.69% with Nationwide.....their base mortgage rate is currently 2.5%:eek: Tricky these things aren't they?

cgirl_2

yes stueyhants its HSBC, what do you think to their customer service and speed of getting the mortgage out?:)

Peelerfart

Lifetime tracker 1.99% above base. no tie ins £999 fee gets my vote,
together with a little overpaying ,should see you right.

IMHO

just seen the question you asked.I'm with HSBC and have had no problem with them at all.
get the internet banking set up and you can make OP's of a pound if you feel the need.

cgirl_2

it's a tricky one, but must decide soon! maybe wait til thurs see if base goes up!

happybroker

I was at a presentation a couple of weeks ago where a prominent financial commentator and well respected fund manager showed a slide with the Bank of England's own expectation of base rate which had it rising to just under 4% by July 2012........again this is a guess but a guess made by people who make the decisions.

Joe_Bloggs

The fear of something unwanted, being around the next corner is a powerful marketing tool.. I am sure that the BoE will use this strategy to good effect in the future.
J_B.

cgirl_2

happybroker wrote: »

I was at a presentation a couple of weeks ago where a prominent financial commentator and well respected fund manager showed a slide with the Bank of England's own expectation of base rate which had it rising to just under 4% by July 2012........again this is a guess but a guess made by people who make the decisions.

Are these the same people that saw the market crashing!! lol:rotfl:

cgirl_2

btw found a great Amortization calculator!! www . calculator.net/mortgage-calculator-uk <it wont let me add link! so google it..
calculates your payments over the term have a look, it's very handy when looking at rates and what you'll pay.
Given the HSBC mortgage i would have to go through 10 raises in BOEBR (at 0.25 typical) before it becomes hard to pay!