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Help needed on best mortgage deal - Trackers
HappyTimes
Posts: 5 Forumite
I've had an offer accepted and am narrowing down mortgage deals. I have decided to go for a variable / tracker rate as I've calculated that I could manage the risk of increasing base rates. Does any one have any views on which product would be better?
Loan: £133,000
LTV: 83%
Term: 30 years
First Direct Lifetime Tracker 3.49% above base. Monthly payments £634. Fees £679 upfront.
C&G 2yr tracker 2.49% above base. Monthly payments £574. Fees £449.00 upfront. £3325 added to loan. (I would intend to make over payments in the first two years (at least) to pay off the fees, so actual monthly payments for 2 year term would be £712.)
Britannia 5yr capped tracker 2.99% above base capped at 6.49%. Monthly payments £600. Fees £350 up front. £849.00 added to loan. (I would intend to make over payments in the first two years (at least) to pay off the fees, so actual monthly payments for 2 year term would be £635.)
Many thanks.
Loan: £133,000
LTV: 83%
Term: 30 years
First Direct Lifetime Tracker 3.49% above base. Monthly payments £634. Fees £679 upfront.
C&G 2yr tracker 2.49% above base. Monthly payments £574. Fees £449.00 upfront. £3325 added to loan. (I would intend to make over payments in the first two years (at least) to pay off the fees, so actual monthly payments for 2 year term would be £712.)
Britannia 5yr capped tracker 2.99% above base capped at 6.49%. Monthly payments £600. Fees £350 up front. £849.00 added to loan. (I would intend to make over payments in the first two years (at least) to pay off the fees, so actual monthly payments for 2 year term would be £635.)
Many thanks.
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