Advice please would a varibale rate best for us

pinkparrott

Hi I need some advice, we currently have a virgin one account and think we really need to switch it as were not really paying that much off, and have come to the conclusion we would be better with normal mortgage with overpayment facilities.

Today I have been to the skipton b/s and have had an illustration about their tracker which is base rate + 0.49%.

I think it looks ok but not sure,
We need £50K on a house worth £285K over 15 years. As the loan is relativly small , i though this mortgage would be ok as there are no fees involved.

Someone said i may be better with a fixed rate, but a lot that i have looked at have quite large arrangement fees etc that would mean it would take along time to recoup these.

Any advice, we want to be able to make small ish regulary overpayments too.

Coops10

Being new to this site, I don't know where I stand in terms of giving details of particular deals, but, whilst not saying that it is the best, I know Woolwich have a cheaper lifetime tracker than this, with free remortgage facility, and you can pay off as much as you like without penalty. Possibly worth looking into.

pinkparrott

Hi thanks for this , sorry forgot to say i've jusr seen the woolwich one, but a bit concerned re the poor service some people have said they have had from the woolwich.
Has anyone had any experience of the skipton b/s.
We want somewhere with a localish branch and good service as because we have the virgin one account we have missed the local branch and contact aspect.
But do also want to know if we can find a cheaper deal of any type but with low fees.