2 or 3 year tracker - £500 cost for the 3

MDHT486

Hi all,

I'm deliberating on which tracker to take out, 2 years at 1.84% (1.34% plus base) or 3 years at 1.99% (1.49 plus base). The 3, given the length and size of our mortgage will cost £500 more in the first 2 years if base stays as is but obviously means no new product fee after the 2nd year and the guarantee of todays low rate into the 3rd year.

Any advice please?

MDHT486

Or as a curveball, I can fix for the 2 years at 1.99% with the same product fees but reasonably hefty exit fees.

As a bit of background, we both have healthy, transferable jobs/skills and have recently upped our mortgage size and length to around 80% of our limit. We'd like to overpay anyway whilst the going is good and rates are low.