Are trackers wise with current NR problems?

payless

Joto wrote: »

We had the option of going with the Woolwich but decided to go with C&G.

Same perks except there is a £99 registration fee but no exit fee. I think the rate is only available through brokers (we went through London and County)

Done similiar for clients myself..
Woolwich deal does have more flex options, C&G is in theory cheaper ( lower LTV cases only though) admin / service for processing is IMO better with C&G , and I have had clients with W express issues to me on account servicing after completion.

barnishroader

I should have said above, my fixed offer is with Skipton.
Has anyone used them?
I'm from Northern Ireland so have never heard of them before!!

barnishroader

Sorry did i say soemthing wrong??
This thread died off real quick!!

Only kidding.

Does anyone have an opinion on Skipton as i requested above?

EasternMoose

Skipton are my lenders (5 yr fix taken out 2 years ago) and I have had no problems with them. Having just had a quick look at their website, it seems that their products are not quite so competitive as they were but if you are happy with your offer, I don't see why should have any problems with them.

You can overpay 10% a year, unfortunately though they do not have any online banking for their mortgages.

They are certainly no Northern Rock (or Northern Wreck as Huw Edwards inadvertently referred to them on the 10pm News last night :rotfl:.....!!!!!!!!!).

barnishroader

EasternMoose wrote: »

Skipton are my lenders (5 yr fix taken out 2 years ago) and I have had no problems with them. Having just had a quick look at their website, it seems that their products are not quite so competitive as they were but if you are happy with your offer, I don't see why should have any problems with them.

You can overpay 10% a year, unfortunately though they do not have any online banking for their mortgages.

They are certainly no Northern Rock (or Northern Wreck as Huw Edwards inadvertently referred to them on the 10pm News last night. :rotfl:

i hadnt visited their site, i went to www.mform.co.uk and thats where i got that offer.
was the best deal for a lower fee.
i have passed it on to my advisor to see if he can beat it.

homer_j_3

Skipton are a mutual building society and have completely different rules to lenders like northern rock. I have a great story to how they came to lend in Northern Ireland, but thats another story lol.

Their service levels have been impacted recently due to a change of computer systems but they seem to be getting back to normal. I do rate them as a lender but I know a lot of people that work for them and know their ways very well.

payless

although believe they do also use securitisation and have done so for years , and have sub prime elements of the group

homer_j_3

yes they have amber that are involved in the securitisation/niche markets. The lending spreads are much more conservative and the ways in which they borrow too are.

Hence, why coventry created godiva mortgages

barnishroader

Rifleman wrote: »

a lot of assumptions about this persons circumstances being made here.

Anything can happen with the BoE rate and the tracker mentioned isn't a particularly good one, much lower products around, and Nationwide (their current lender) provides one of them.
As for fixing for 10 years only, why? What if they want to pay it off in 6 years?

i tried nationwide but they didnt offer em anything that was better than that.
of all the trackers i looked at, any that had a better rate had much higher fees.