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Mortgage tracker swap to Fix
steviehud37
Posts: 166 Forumite
Hi Guys
Was listening to Radio 4 Money Box live on Mortgages and one adviser was recommending a mortgage product(lasts for 5 years) which start off has a tracker then after 2 years(currently 2.29%) it turns to a Fix rate for 3 year (FIX at 3.99%)
I have never heard of this ?
Could someone help me?
Which Building Society offers this product?
Regards
Stephen
Was listening to Radio 4 Money Box live on Mortgages and one adviser was recommending a mortgage product(lasts for 5 years) which start off has a tracker then after 2 years(currently 2.29%) it turns to a Fix rate for 3 year (FIX at 3.99%)
I have never heard of this ?
Could someone help me?
Which Building Society offers this product?
Regards
Stephen
0
Comments
-
Here you go....
http://www.charcol.co.uk/best-buys/mortgage-details/2-year-bank-base-rate-plus-1-79-followed-by-3-year-fixed-rate-132/
High fees, but am also considering this myself.0 -
Follow on rate after 5y seems to be missing
Accord web site also seems to hide this somewhere not mentioned on the deals
Found it, 5.99% so expensive0 -
So, this is for mortgages of £500k+. Anyone know the maximum LTV?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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