In that time frame UB have reduced their LTV on tracker portal to 85% which is a bit of a hit to absorb.
.
I doubt if the generous deal which is available now will be available for much longer.
I
2. To create potential to gouge their tracker customer base by increasing SVR rates in future.
all the 100% SVR customers would defect and they'd be left with a bunch of immobile ported customers forced to pay over the odds.
Even if BOI were offering less than 4%, only a loon would give up a part-tracker mortgage because of the downside risk of SV rates being upped further.
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