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Tracker Mortgage
Options
Rob204
Posts: 5 Forumite
Should I be changing my tracker mortgage or hang on in there?
0
Comments
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erm.....what are the deal specifice and who with and any tie ins.
How affordable is it -how many more rate rises can you afford (when putting details into a payment calculater?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
its base rate plus o.79.
abbey.
earley repayment of 180.
any ideas?0 -
50,000£ mortgage. repayment.
base rate plus 0.79
early repayment 180£
abbey.0 -
due to the term and the low amount of mortgage any saving at the moment would be minimal as you would be fee sensitive. I would only change if you are really concerned with rising rates and think that its going to push your payments beyond your ability to repay.
I think that you should just batten down the hatches otherwise and see what the next 6-12 months bring. If it starts rising too much before that point where it starts getting too much then get yourself to a mortgage adviser.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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