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Stateside Tracker Mortgages
matt80
Posts: 4 Newbie
Hi,
My friend referred me to this site:
http://www.skipton.co.uk/mortgages/products/stateside_tracker/index.asp
Has anyone here got one of these mortgages? I've never heard of it before, but on the surface looks quite good...?
Thanks,
Matt
My friend referred me to this site:
http://www.skipton.co.uk/mortgages/products/stateside_tracker/index.asp
Has anyone here got one of these mortgages? I've never heard of it before, but on the surface looks quite good...?
Thanks,
Matt
0
Comments
-
You will find some discussions on this if you search the site.
Firstly there is a risk that US rates will move against you.
Secondly there are some high penalties and long tie-ins on this mortgage so if things move against you i.e. US rates go up relative to UK rate, then you will be worse off and unable to get out of the deal.
It's a gamble basically.
You just have to decide whether it's worth taking.0
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