Hi There,
I've been on here before about moving home and keeping my tracker with UB, albeit at their new 10 year deal of ECB + 2 to 2.5 per cent depending on LTV
However after contacting UB it seems this deal is not as attractive as it seems . According to UB, their deal for tracker movers is not ECB + 2 or 2.5 per cent but rather YOUR EXISTING TRACKER RATE + 2 or 2.5 PERCENT.
In other words , your new rate will be 3 to 3.5 percent for 10 years before reverting to SVR.
Yes its slightly less than you might pay on a new mortgage , but its nothing like as attractive as your old tracker rate.
Worth Considering
Moss