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Looking for advice
Luv2Budget
Posts: 66 Forumite
Just looking for advice from you lovely people!
At the moment I'm overpaying my mortgage on a fixed rate of 5.63% (horrible) with Nationwide.
I currently have just over two years remaining on this mortgage. Do you think it would be worth me switching and paying the redemption fee (around £2500) to switch to the HSBC tracker rate of 1.79 over the base rate (the interest rate would then be 2.29). My mortgage balance at the moment is £82k.
Thanks in advance for any advice.
At the moment I'm overpaying my mortgage on a fixed rate of 5.63% (horrible) with Nationwide.
I currently have just over two years remaining on this mortgage. Do you think it would be worth me switching and paying the redemption fee (around £2500) to switch to the HSBC tracker rate of 1.79 over the base rate (the interest rate would then be 2.29). My mortgage balance at the moment is £82k.
Thanks in advance for any advice.
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Comments
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there is a comparison calculator on the homes/mortgages tab. that should help youMF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/2000
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I was going to suggest the same. There is a 'should i ditch my fix' tool which will help you decide if it is worthwhile.Nov 2025 - part 1 - £13,878 part 2 - £20,953 Total - £34,832 24 months to go!0
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