Can anyone help? My 5yr fixed ends soon, we only have £30k left to pay off but have 6 years left-we’d like to plough as much as we can to get it paid off asap (we’ve already paid our 10% for this year). Should we get a tracker instead of a
fixed? We’ve only ever had a fixed but it’s seems odd locking in so high plus I’d like to overpay when we can.  Are you locked in with a tracker? And is a tracker that same as a variable mortgage? Any advice would be much appreciated 


  • South_coast
    South_coast Posts: 4,916 Forumite
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    What about just going onto your lender's SVR? That way you've got ultimate flexibility and can jump into any kind of new deal that looks appealing when the time comes. You might find you're restricted in terms of the products available anyway if you've only got a £30k balance, as lenders can have minimum amounts they'll offer a new fix on
    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
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