Time to remortgage

defstar

Looks like Hsbc drop their rates again, happy days.  Just notice they have a 10yr fixed too, so tempting

Nailer99

matt1983 said:

Nailer99 said:

HSBC currently have some of the lowest fixed rates and pretty competitive tracker rates so sticking with them is not a bad option. 

Arent tracker rates all more or less the same? Or am i confused? I thought that tracker meant it matches the BOE base rate but can be plus or minus a little bit? 

That “little bit” can be huge! Barclays and Yorkshire have the smallest at present. 

FashionHeart

defstar said:

Looks like Hsbc drop their rates again, happy days.  Just notice they have a 10yr fixed too, so tempting

I'm with HSBC and planning to switch my rate next week because that's the earliest I can start to renew my rate to 3.99%.

defstar

Just secured my 3.99 % fixed I decided on 10years, Hsbc reckons I can still change the rates if interest goes down but I’m now protected if they increase from now till September.  Don’t know how that works as everything is signed off but it’s a weight off my shoulders at least.

defstar

No chance of a lower rate now, but just curious HSBC can’t decide to withdraw now could they?

K_S

@defstar Don't worry, the chances of HSBC withdrawing the PT that you've booked to kick in on a certain date are infinitesimally small.

Despite the scare stories in the papers at the time, even when average mortgage rates went up from 2% to 4%+ inside of a few months, I don't know of a single credible case of a mainstream lender cancelling a mortgage offer that was at the old rates. They'll make money on your mortgage even if rates rise here on so there's no real need for them to withdraw it.

defstar said:

No chance of a lower rate now, but just curious HSBC can’t decide to withdraw now could they?

defstar

Thank you, that’s reassuring