T
tizme
Guest
Im currently comming to the end of a fixed rate term for my mortage.At present i am paying £800. I recieved paperwork from my lender (ICS) giving me the following options.
(a) tracker ecb+1.25% (2.25%) works out at £588
(b) existing variable LTV rate 2.70% works out at £614
(c)2 year fixed @3.15% works out at £653
(d)3 Year fixed @ 3.60% works out at £694
At the moment im thinking of going with the tracker for a few months and then going for a long fixed rate.
My questions are what would you pick? and why would anyone pick the variable over the tracker?
(a) tracker ecb+1.25% (2.25%) works out at £588
(b) existing variable LTV rate 2.70% works out at £614
(c)2 year fixed @3.15% works out at £653
(d)3 Year fixed @ 3.60% works out at £694
At the moment im thinking of going with the tracker for a few months and then going for a long fixed rate.
My questions are what would you pick? and why would anyone pick the variable over the tracker?