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Topic starter
I currently have a tracker mortgage at 0.95% above the base rate and I'm thinking I ought to fix it for 5 years...
I can get a 5yr fix at 3.49%. Any reason not to switch.....?
Posted : 25/08/2022 6:25 pm
does your tracker have early exit penalties? most generous trackers do. might still work out best to do it, but its not as clear cut.
Posted : 25/08/2022 6:56 pm
Topic starter
No exit penalties and no cost to change. It’s with the same provider so I’ll switch it.
Posted : 25/08/2022 8:10 pm
If it's with the same provider and you have the ability to overpay a % each year, check if the overpayment is based on the original loan balance or will drop down to the balance when you change product.
Posted : 26/08/2022 10:16 am