Mortgage advice

[minimoog]

Not sure what the form is with asking for advice on here but if any of the resident experts can offer a bit of guidance please contact me.

Considering transferring out of fixed rate onto a tracker, wheich seems attractive at the moment even with redemption penalties to pay. Unless I'm missing something...

[ALawson]

I think Scotal is your man.

http://www.pistonheads.com/gassing/profile.asp?mem...

[sadielady]

minimoog said:

Not sure what the form is with asking for advice on here but if any of the resident experts can offer a bit of guidance please contact me.

Considering transferring out of fixed rate onto a tracker, wheich seems attractive at the moment even with redemption penalties to pay. Unless I'm missing something...

Got tracker - works really well for me, excellent rate at the moment. Make sure you know for def what info/paperowrk they need - am just sorting something for me, all was agreed on the phone and now have had to send things back three times now as they keep changing the goal posts

[ALawson]

You need to check the paperwork to see if there is a minimum BR that the mortgage will not go below. I haven't checked my Woolwich policy which is BOE BR +0.26% but they have only just reflected the 0.5% drop from 2 months ago, I expect to see the latest 1.5% drop in Jan.