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Tracker mortgage at 2.79% or a 5 year fixed at 3.39%?
mickyd67
Posts: 16 Forumite
What would you choose?
Suppose it all depends when you think the base-rate might increase by. A 0.75% rise would see the tracker being greater than that fixed rate.
Not 100% sure what to choose.
Suppose it all depends when you think the base-rate might increase by. A 0.75% rise would see the tracker being greater than that fixed rate.
Not 100% sure what to choose.
0
Comments
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Assuming you're ok with fees and ERCs I'd fix.
(I've also assumed the tracker is for 5 years as well)0 -
opinions4u wrote: »Assuming you're ok with fees and ERCs I'd fix.
(I've also assumed the tracker is for 5 years as well)
There are no fees for either - it looks like a great deal either way (Britannia BS / Co-op are doing it)
I'd save when the base rate goes up by 0.7% - but it's a gamble as to how long that will be, and as such how much extra (around £40) a month I'll have spent before it does that.
Not sure what to do...0
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