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Company Loan Type APR Est. Pmt.

Should I go for a fixed rate or tracker

Posted on: 21st Jun, 2011 10:57 pm
current mortgage at fixed rate in expired this month my motgage company will do
a) automatic tracker at 0.95 =BBR 0.5 = 1.45

b) 2year fixed at 2.79

c)5yr fixed at 3.99

what should I go for I am happy with the company and would like to remain with them
Hi shirleybrace,

If you're plaining to stay in the property for a long period of time, then you should go for 5yr fixed at 3.99%. Your mortgage rates will be fixed for a period of 5 years in this case.

Thanks
Posted on: 22nd Jun, 2011 12:08 am
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