Mortgages to go fixed or tracker that is the question!

[citychap26]

Hi Guys,

So the honeymoon is over and I am coming to the end of my 1.09% over base. I suppose looking back at it, it was not great as interest rates were about 3% when I took out mortgaes.

So the story is that I can get 2.99 (2.49 over base) 63.3% LTV 2 year tracker or a 2 year fixed at 3.69

I can't be arsed with going through loads of paperwork and changing mortgage providers.

What do you guys think... I suppose if base rates go up by a percentage point then I am in 3.69 zone anyways...

[bogie]

the way I look at it is; the banks have already worked out the odds so they make money either way, so the only reason to fix, is for your own security, which comes at a price, of course

personally, SVR is fine for me, and when rates are low (like now) just keep paying the original payment when they were 7% ...I could afford it then, so can afford it now

[NoelWatson]

citychap26 said:

Hi Guys,

So the honeymoon is over and I am coming to the end of my 1.09% over base. I suppose looking back at it, it was not great as interest rates were about 3% when I took out mortgaes.

So the story is that I can get 2.99 (2.49 over base) 63.3% LTV 2 year tracker or a 2 year fixed at 3.69

I can't be arsed with going through loads of paperwork and changing mortgage providers.

What do you guys think... I suppose if base rates go up by a percentage point then I am in 3.69 zone anyways...

Why not go for the HSBC 1.69% over base lifetime tracker?

[NoelWatson]

bogie said:

the way I look at it is; the banks have already worked out the odds so they make money either way,

Don't think they need to do this, they look at what the funding costs are at various tems, and add their mergin.

[citychap26]

NoelWatson said:

citychap26 said:

Hi Guys,

So the honeymoon is over and I am coming to the end of my 1.09% over base. I suppose looking back at it, it was not great as interest rates were about 3% when I took out mortgaes.

So the story is that I can get 2.99 (2.49 over base) 63.3% LTV 2 year tracker or a 2 year fixed at 3.69

I can't be arsed with going through loads of paperwork and changing mortgage providers.

What do you guys think... I suppose if base rates go up by a percentage point then I am in 3.69 zone anyways...

Why not go for the HSBC 1.69% over base lifetime tracker?

Because I do not want to have to go through the process of vetting proving my income etc again. To be honest, I could lower my LTV to below 60% and get 1.99, however would rather keep the wedge short term. Will do the calcs properly this evening.

[NoelWatson]

citychap26 said:

NoelWatson said:

citychap26 said:

Hi Guys,

So the honeymoon is over and I am coming to the end of my 1.09% over base. I suppose looking back at it, it was not great as interest rates were about 3% when I took out mortgaes.

So the story is that I can get 2.99 (2.49 over base) 63.3% LTV 2 year tracker or a 2 year fixed at 3.69

I can't be arsed with going through loads of paperwork and changing mortgage providers.

What do you guys think... I suppose if base rates go up by a percentage point then I am in 3.69 zone anyways...

Why not go for the HSBC 1.69% over base lifetime tracker?

Because I do not want to have to go through the process of vetting proving my income etc again. To be honest, I could lower my LTV to below 60% and get 1.99, however would rather keep the wedge short term. Will do the calcs properly this evening.

First Direct do 1.79% on 65% LTV. You sound like you are rolling in it to not want to save some easy money!