We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Tracker due to finish with Nationwide
JackRS
Posts: 1,063 Forumite
FA has advised me to consider moving to a lifetime tracker mortgage with the Cheltenham & Gloucester this is 5.92% (Bank Base Rate +0.17%). This also has free valuation and legals. There is a £99 application fee payable upfront.
Situation is I've 3years and a few months to go until end of term, it's part repayment part interest only, it's around 30% of house value.
FA says 'With this scheme there are no early repayment charges so you are free to pay lump sums off your mortgage at any time, also with this being a lifetime tracker mortgage you will not need to change the your mortgage again'
Can anybody suggest anything else? I've seen the Woolwich offer a very similar product but it's advertised as no fees so would this be a better option?
Most of the other options have high fees.
Your views are appreciated.
Situation is I've 3years and a few months to go until end of term, it's part repayment part interest only, it's around 30% of house value.
FA says 'With this scheme there are no early repayment charges so you are free to pay lump sums off your mortgage at any time, also with this being a lifetime tracker mortgage you will not need to change the your mortgage again'
Can anybody suggest anything else? I've seen the Woolwich offer a very similar product but it's advertised as no fees so would this be a better option?
Most of the other options have high fees.
Your views are appreciated.
Regards
JackRS
JackRS
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards