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Mortgage advice please
cazs
Posts: 532 Forumite
Hello,
I took out a lifetime tracker with HSBC in 2011 at base rate + 1.89% for a 100k mortgage. It was one of the best deals around at the time as I had a good deposit so had a suitable loan to value to get the deal.
I have been overpaying for a while (by upping my monthly repayment) and every now and again just moving money from my current account as one offs as saving rates seem to be a bit rubbish at the mo. I've £57.5k still to pay. I don't see myself moving anytime soon.
I know in the recent email MSE was 'promoting' the 5yr fix with Tesco at 1.78%.
So I've started to wonder ought I stick with this tracker or move to an alternative mortgage, be it Tesco or any other.
Any advice please? Thanks
I took out a lifetime tracker with HSBC in 2011 at base rate + 1.89% for a 100k mortgage. It was one of the best deals around at the time as I had a good deposit so had a suitable loan to value to get the deal.
I have been overpaying for a while (by upping my monthly repayment) and every now and again just moving money from my current account as one offs as saving rates seem to be a bit rubbish at the mo. I've £57.5k still to pay. I don't see myself moving anytime soon.
I know in the recent email MSE was 'promoting' the 5yr fix with Tesco at 1.78%.
So I've started to wonder ought I stick with this tracker or move to an alternative mortgage, be it Tesco or any other.
Any advice please? Thanks
0
Comments
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The current tracker HSBC is 1.84 plus base so you might as well move to that. (Fee free). I'm no expert tho!Am i here to save money or spend money......hmmmmm0
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Or fix for 2yr at 1.54 no fee. Even the 5 yr fix is cheaper than what u paying at 1.94. But these would limit your overpayment option though.Am i here to save money or spend money......hmmmmm0
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