D
davidclayton
Guest
hi all,
newbie here. researching mortgages with a view to buying a house in about 6 months. was thinking of going for a fixed rate for a couple of years, then move to a tracker rate.
as for as i know, if you want to prematurely change from fixed to variable (before you have finished the fixed term), you are charged fees. my question is that when you're on a tracker and you want to change to variable, are there any changes?
also, what's all this split mortgages about? as far as i can tell, you can pay half your mortgage on fixed and half on variable/tracker. i presume the fixed side of this is term based aswell? (ie. 3 years, 10 years, etc.). are the rates differnt on these split mortgages, or is it just the standard fixed/variable /tracker rates used?
all advice appreciated,
dave.
newbie here. researching mortgages with a view to buying a house in about 6 months. was thinking of going for a fixed rate for a couple of years, then move to a tracker rate.
as for as i know, if you want to prematurely change from fixed to variable (before you have finished the fixed term), you are charged fees. my question is that when you're on a tracker and you want to change to variable, are there any changes?
also, what's all this split mortgages about? as far as i can tell, you can pay half your mortgage on fixed and half on variable/tracker. i presume the fixed side of this is term based aswell? (ie. 3 years, 10 years, etc.). are the rates differnt on these split mortgages, or is it just the standard fixed/variable /tracker rates used?
all advice appreciated,
dave.