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2 year Tracker or Fixed - End Nov.
idcool
Posts: 8 Forumite
Hi,
My fixed deal ends at the end of November with NatWest. I want a 2 year deal as I have childcare payments finishing in that time so can reassess then.
Mortgage is £175k, I want payments to be be below £1000.
With rates presumably stabilising or going down would a tracker be worth it? Any thoughts?
I guess it comes down to personal risk?
Cheers
My fixed deal ends at the end of November with NatWest. I want a 2 year deal as I have childcare payments finishing in that time so can reassess then.
Mortgage is £175k, I want payments to be be below £1000.
With rates presumably stabilising or going down would a tracker be worth it? Any thoughts?
I guess it comes down to personal risk?
Cheers
0
Comments
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The Nat West 2 year tracker rates are fairly close to the fixed rates so you a reliant on a drop in base rates to be ahead in the short term.
On what evidence are you expecting this drop?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Yeah, it's a gamble admittedly. I don't have any more evidence than anyone else other than it seems that inflation is stabilising some what.
I think I will go with the fixed on balance, the offer from L&C includes a £1000 fee for the tracker for the same rate.0
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