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
Lifetime Tracker BEBR +0.17%
neildt
Posts: 59 Forumite
Our current mortgage is a Lifetime Tracker BEBR +0.17%. We have about £35,000 left on this mortgage and at present, I'm inclined to stay with this rate, rather than move to a fixed rate. I've checked with our current lender, and the best-fixed rates I can get are all over 5%.
I'm thinking that even if interest rates go to 5% or more, we will be in a better position when the rates come down as we are on a tracker.
I'm thinking that even if interest rates go to 5% or more, we will be in a better position when the rates come down as we are on a tracker.
0
Comments
-
@neildt With that loan size, I would stay on the lifetime tracker, you're not going to get that kind of a deal again.neildt said:Our current mortgage is a Lifetime Tracker BEBR +0.17%. We have about £35,000 left on this mortgage and at present, I'm inclined to stay with this rate, rather than move to a fixed rate. I've checked with our current lender, and the best-fixed rates I can get are all over 5%.
I'm thinking that even if interest rates go to 5% or more, we will be in a better position when the rates come down as we are on a tracker.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
4 -
Thanks that is exactly what we are thinking.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards