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Is this a good deal still?
leni
Posts: 942 Forumite
Just found my mortgage documents, we entered into our current mortgage deal in May 2005.....
2 years at 0.8% above base rate (ended May 2007)
2 years at 07% above base rate (ends May 2009) so currently 5.7%
2 years at 0.6% above base rate (ends May 2011)
reverts back to halifax SVR after May 2011
Is this a good deal still? TBH we didn't realise we'd taken out a 6 year tracker! We actually thought we'd only taken out a 3 year one and thought it was shortly about to end!:T
2 years at 0.8% above base rate (ended May 2007)
2 years at 07% above base rate (ends May 2009) so currently 5.7%
2 years at 0.6% above base rate (ends May 2011)
reverts back to halifax SVR after May 2011
Is this a good deal still? TBH we didn't realise we'd taken out a 6 year tracker! We actually thought we'd only taken out a 3 year one and thought it was shortly about to end!:T
DEBT FREE for the first time in 10 years and with savings!
1st Baby due May 2011
it's a BOY:j0
Comments
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Seems a lot of changes for nothing but we have virtually the same 0.69 +BOE. Ours is open ended, fully flexible offset and no ERC. With a very low LTV we prefer flexibility and saving of product charges over a fixed rate. We are happy with our lot.
I have only ever traced the value of our tracker. They have been better than ours - 0.49+ BOE at one stage but they are much higher at the moment with high product fee too. That might just be a blip or, who knows.0
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