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Lifetime Tracker or 2 year fixed rate tracker?
Options
paulalawson
Posts: 39 Forumite
Hi,
hoping you can help me choose which mortgage is best for me right now.
I am looking to remortgage to a better deal, but don't know which type of mortgage is better at this present time, i am looking at a lifetime tracker mortgage or a 2 year fixed tracker. which is the one to go with ?????
hoping you can help me choose which mortgage is best for me right now.
I am looking to remortgage to a better deal, but don't know which type of mortgage is better at this present time, i am looking at a lifetime tracker mortgage or a 2 year fixed tracker. which is the one to go with ?????
0
Comments
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What does your broker say?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
i haven't got a broker.
thats why i am checking out the advice here,0 -
Might want to clarify the fixed tracker. Is it a fixed rate or a tracker rate?I am a Mortgage Adviser
You 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 -
thanks we want to stay with our current provider and these are our options.
2 year tracker 1.79% changing to 4.74% £499 charge
or
lifetime tracker 2.49% £499 charge
we have 15 years left on our mortgage and owe 77,000
thanks0 -
any advice would be great, just don't know whats for the best.
thanks in advance0 -
Do you want a short deal or a tracker that goes on for as long as you want?0
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Do you want to start looking at another remortgage in 2 years when rates may well have gone up.
What rate are you paying now ?
Long term tracker or long term fix !0 -
our rate now is 4.74% long term tracker0
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So for £499 you can cut 2.25% off your mortgage rate.
Use " whatsthecost " to work out how much less you will pay each month.
The lifetime tracker looks good But I would carry on paying your current mortgage payment and therefore pay off the mortgage quicker0 -
currently pay £610.00 per month
life time tracker will be 527.52
2 year tracker will be 501.840
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