What do you think of tracker mortgages.?
Answer:
With uncertainity in the world economy (whats new?) few economists will call longer term interest rates. The Euro meant that we should have expected interest rate convergence with Europe, and that hasn't happened. Equally, the American economy is finely balanced. Fixed rates are currently about 0.75% above base, and most trackers are about 0.25% unless your credit record, type of property etc limits the number of lenders you can use. So, if rates do not go up by >0.5% over the life of the mortgage, you are ahead. If they do, you start to lose.
Whatever you chose, the big difference in pricing is actally arrangement fees, etc, etc and early redemptions. Moneysupermarket.co.uk does full cost comparisons of products based upon how long you intend to stay with a given product.
Yes why not? more important is to ensure that you do not overstretch your self and that you can change without penalty and the initial rate is reasonable.
Hi
I have 1 and it's well worth getting
Take advise though
Jeff
they are ok but shop around
lol thats a good question! i think you need to think about it more though before you ask other people
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