Mortgages

Mark · 26-03-2009, 00:27

Still pondering. I've recognised the potential danger in the tracker (1% rise in base rate would wipe out all the savings - something that's entirely possible even if CPI went in the wrong direction this month).

However, I can't break the deadlock between the other two. It all depends on how much of any future rate rises they pass on (they only passed on 1% on the way down, so I wouldn't expect them to pass it all on on the way back up). And, to add to the confusion, I'm also trying to figure out if going the Offset mortgage route would be better.

So, does anyone know good places to look for advice on mortgages? I realise it's pretty much going to be guesswork given the unprecedented nature of the economic situation, but I'd like it to be at least informed guesswork.

Thanks all for bearing with my mortgage ponderings. Indecisive by name, indecisive by nature.

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26-03-2009, 00:27	#11
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Still pondering. I've recognised the potential danger in the tracker (1% rise in base rate would wipe out all the savings - something that's entirely possible even if CPI went in the wrong direction this month). However, I can't break the deadlock between the other two. It all depends on how much of any future rate rises they pass on (they only passed on 1% on the way down, so I wouldn't expect them to pass it all on on the way back up). And, to add to the confusion, I'm also trying to figure out if going the Offset mortgage route would be better. So, does anyone know good places to look for advice on mortgages? I realise it's pretty much going to be guesswork given the unprecedented nature of the economic situation, but I'd like it to be at least informed guesswork. Thanks all for bearing with my mortgage ponderings. Indecisive by name, indecisive by nature.