Low Tracker...stick with??

mateus

I was going to ask the same thing as have a mortgage with Leek Utd at +0.08 over BOE Base!.... only downside though is collar at 2%

Considering swapping at some point but after reading some other posts it seems a good idea to stop with it for a while at least.

:beer:

getmore4less

mateus wrote: »

I was going to ask the same thing as have a mortgage with Leek Utd at +0.08 over BOE Base!.... only downside though is collar at 2%

Considering swapping at some point but after reading some other posts it seems a good idea to stop with it for a while at least.

:beer:

Even with the collar keep it.

getmore4less

dearyn wrote: »

woah!...what can I say guys, this has been so fantastically reassuring thanks.
At the very least I can rest assured we'll stay put with the Woolwich, i guess now its getting my head around the investment angle until end of term.......so reduce payments to the basic £350 odd (or do i revert to an interst only ??) and then pump any overpayments into a fixed rate savings account or ISA- and pay off in 17 years at the end of term ??....have i got the right giste ? Once again Cheers

Basicaly as long as you save at morethan the mortgage rate you are fine.

Try to use up all your ISA allowances and be able to keep them at end of term.

Don't think Woolwich will let you go interest only might be worth asking.

Do you have the conversion to offset facility some Woolwich product do some don't. if you do whats the change in rate? I think it was quite low.