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Tracker to fixed
remyroo
Posts: 48 Forumite
Hi. We currently have a tracker mortgage with Santander at base rate plus 0.99 so 1.49.
We are thinking of changing this to a 2 year fixed at 1.79 which we can delay until June.
With the Bank of England most likely increasing the rate by 0.25 in may (so I’ve read)
I can’t see any reason not to do this. Can anyone see a downside?
Thanks
We are thinking of changing this to a 2 year fixed at 1.79 which we can delay until June.
With the Bank of England most likely increasing the rate by 0.25 in may (so I’ve read)
I can’t see any reason not to do this. Can anyone see a downside?
Thanks
0
Comments
-
What rates will you be able to get in 2 years?
You won't get that tracker rate back.
Crunch some numbers over the longer term0
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