Hi we have been considering moving house for quite a while now, bought house at height, and now have 3 kids and its just too small, problem is we have a tracker with BOI, and we have been holding off on selling and moving on in the hope that they might offer a better tracker mover product than the current offering of 5 years tracker plus 1% and then move to a variable,does anyone think with all of the competition now heating up that this might change at any stage?
Is BoI likely to improve its tracker mover product?
- Thread starter dragonboy
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Brendan Burgess
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I think it's very unlikely.
What is more likely to happen is that over the next 5 years, the margins on variable rate mortgages will fall. So by the time you lose your tracker + 1%, the difference won't be that substantial.
If BoI is too high at that stage, then you can switch to another lender.
Brendan
What is more likely to happen is that over the next 5 years, the margins on variable rate mortgages will fall. So by the time you lose your tracker + 1%, the difference won't be that substantial.
If BoI is too high at that stage, then you can switch to another lender.
Brendan