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Nationwide Tracker Rates Switch
two8tone
Posts: 5 Forumite
Recently, Dec '17, moved lender to Nationwide choosing a fee-free 2yr tracker, no ERC. Obviously the rate rise was reflected which occurred between application and completion. The rate is around 1.35+base IIRC
Looking at the website for existing customers it appears I can switch to the current fee-free 2yr tracker at slightly lower rate 1.09+Base rate, again no ERC, are there any possible negatives in doing this. Not looking for the cashback, which I'd no doubt be ineligible.
The reason for choosing tracker as looking to use equity to help fund home improvements (LTV around 50pc), no ERC gives flexibility to re-mortgage or move lender in 2019.
Any thoughts appreciated...
Looking at the website for existing customers it appears I can switch to the current fee-free 2yr tracker at slightly lower rate 1.09+Base rate, again no ERC, are there any possible negatives in doing this. Not looking for the cashback, which I'd no doubt be ineligible.
The reason for choosing tracker as looking to use equity to help fund home improvements (LTV around 50pc), no ERC gives flexibility to re-mortgage or move lender in 2019.
Any thoughts appreciated...
0
Comments
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Will they allow you to switch to another tracker product? Worth checking.0
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