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Nationwide BMR Interest-Only

stem77 · 2014-08-09 14:54:37

I've read on the forum a number of posts regarding when is the right time to switch from a mortgage on Nationwides BMR to a new fixed rate. But none has specifically related Interest-Only mortgages, which I took out @ over 6%. When my mortgage ended 2 years ago, I switched over to the BMR (£250 a month) and started…

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stem77 Posts: 5 Forumite

13 August 2014 at 3:54PM edited 13 August 2014 at 3:58PM

Thanks for all the replies.

I'm leaning towards on sticking on the BMR of BOE +2% and happy to absorb a rate rise.
But as I'm on essentially a 'tracker' rate now, would it make sense to move to a Lifetime Tracker?
I've seen rates of BOE +1.69% (HSBC) BOE +1.49% (Coventry)

I should add we are not looking to move house over the lifetime of the mortgage, if ever.

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Nationwide BMR Interest-Only

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