M
Mortgageman
Guest
While the last poster is correct to say that you can break a variable or tracker mortgage without penalty, the question relates to signing up to a discounted tracker with 1 lender and then choosing from their regular tracker rates at the end of the discount period.
This is not the way it works. Once you sign up for a discount tracker, you have already signed up for the "go to" rate after the discount period.
The only way out of this is to either
a) switch to another lender
b) threaten existing lender that you will move unless they give you a better rate - I would not recommend signing up for a discount rate on this basis as success is far from assured
This is not the way it works. Once you sign up for a discount tracker, you have already signed up for the "go to" rate after the discount period.
The only way out of this is to either
a) switch to another lender
b) threaten existing lender that you will move unless they give you a better rate - I would not recommend signing up for a discount rate on this basis as success is far from assured