tracker

chungoi

hello people anyone any ideas if a tracker is any good got 2 defaults on my credit score.but i ave inquired about a morgage for £55,000 with a broker and he can get me one with a company called platform.for £320 a month dont know or how long just enquired.is a tracker good or bad.o buy the way will not have to pay a fee to him the lender will pay him is this true and if not how much should i pay for this hope you all understand crap at explaining sommert and ceplling(hee hee)

dimbo61

Platform is a sub prime lender and lend to people with poor credit history so the number one question is "WHATS THE RATE" not that its a tracker, fix or offset.
If its 5% above Bank of England base rate thats 5.5% now but what happens if rates go up to 3/4/5% in the next 2/3 years what would the rate be then and also with platform how much would you be paying in fees and would they be added to the mortgage.
Use "whatsthecost" to work out how much it will cost you to boorow over the 25 years.