Tracker

peoplesrepublican

I am currently looking for a tracker mortgage to replace my Nationwide one. I see that the Alliance & Leicester are offering 0.16% below base rate, plus £250 cash back if you have a current account with them (which I do). Does anyone know of any better tracker rates out there than that?

Or, how about a site which does mortgage comparisons? moneysupermarket.com is great for credit cards and savings, but I've never found it much use for mortgages.

I also tried an "independent" mortgage broker last time I change, a complete waste of time - I found the nationwide rate myself and it was miles better than what the broker was offering.

Cheers for any help.

YorkshireBoy

peoplesrepublican wrote:

Or, how about a site which does mortgage comparisons? moneysupermarket.com is great for credit cards and savings, but I've never found it much use for mortgages.

I find https://www.moneyfacts.co.uk to be very good.

herbiesjp

The various schemes depend on property value and mortgage amount needed - what figures are you looking at?

Rikki

I have a tracker mortgage for the life of my mortgage and I wouldn't change mine.
Its 0.5% above base but it runs till the mortgage is paid off. I've no need to worry about changing mortgage companies every few years.

peoplesrepublican

We owe just over £54k on a house worth about £110000. I am looking to get a mortgage for 20 years, but given that I am planning on changing again in 2 years, I wonder whether the term length has any importance.