hi all
I currently have a 30 yr mortgage with EBS at 5.53 variable.
LTV is 70%.
Is it a no brainer to move this to their tracker rate of 5.2?
What are the disadvantages of Tracker over Variable rate mortgages if any?
I am not to keen to move lenders and incur extra costs but that may be short sighted of me.
I also have an interest only mortgage on an investment property, again LTV is 70% and variable rate on this is 5.93 with EBS.
could I be doing better her
any advice is appreciated
k
I currently have a 30 yr mortgage with EBS at 5.53 variable.
LTV is 70%.
Is it a no brainer to move this to their tracker rate of 5.2?
What are the disadvantages of Tracker over Variable rate mortgages if any?
I am not to keen to move lenders and incur extra costs but that may be short sighted of me.
I also have an interest only mortgage on an investment property, again LTV is 70% and variable rate on this is 5.93 with EBS.
could I be doing better her
any advice is appreciated
k