5.99 trapped until 2017

getmore4less

How much have you freed up selling the flat?

The key will be finding/remembering how you got those 2 extra bits.

Going forward there will likely be something that will be better but that will lose the portion that is on the low rate.

There are some good trackers about.

haras_nosirrah

I am guessing you had a small deposit

quite a lot of lenders won't allow a variable/ tracker without a 20% or higher deposit so it may well have been a choice of fixed or nothing

Thrugelmir

getmore4less wrote: »

No hindsight this was 2013 base was already 0.5%.

Everyone expected interest rates to rise in 2014. :cool:

Even forecasts for 2015 are being pushed further back.

Thrugelmir

HNW wrote: »

This is what I don't understand. I got all three parts at the same time. I felt I should stay with Woolwich because in July 2013 the 0.69 rate was so good no one could come near it. I ported it to the new property The other two components have me baffled.

Perhaps the higher rates on the other 2 components were the offset to the low rate that was being ported across. You need to view the mortgage as a whole. Not take the products in isolation.

getmore4less

Thrugelmir wrote: »

Everyone expected interest rates to rise in 2014. :cool:

Even forecasts for 2015 are being pushed further back.

Not everyone and the ones that did the sensible ones were predicting small rises spread out

The rates can only go up brigade want people fixing to ensure there will be future churn.

getmore4less

The puzzle is why two bits of additional borrowing if they were done at the same time as the port.