Why was I not offered Tracker 10 years ago?

[Bronte]

Be interesting to look back at posts on Askaboutmoney (and other forums) at that time to see if askaboutmoney users were aware of the advantages of trackers.

I was not aware of how valuable a tracker was. But I most certainly do now.

 

[lucozade]

Fair question. But I've had it six years now and I know I'm not going to get better so I don't really recall the exact rate. But just for you Manuel I looked it up and it's .57 over the ECB rate. So a little more than I thought but I won't complain.

 

[serotoninsid]

I can thank AAM for helping me in arriving at the cheapest rate available at the time of getting my initial mortgage (UB/ecb+1.05%) in 04/05 and re-mortgage in 06 (NIB/ecb+0.59%).
If it wasn't for the info posted ref. trackers on aam, most likely I would have missed out (initial mortgage preceeded the 'I don't know what a tracker mortgage is' ad campaign)

Regarding not telling, I told EVERYONE. For years. Where I work there are around 80 people, all of whom had mortgages or were going to have one in the not so distant future. Of those 1 (one) switched to a tracker after several years, and 0 (zero) of 1st time buyers took this option. Of the one, this person stayed with ICS at .9% and when I asked why he didn't just go to NIB, he said he couldn't be bothered. Of outside work friends, 1 (one) switched, again after a period of time. The latter bring me/us to dinner once a year as a 'thank you'. I couldn't have tried any harder for people to keep their hard earned money. Total ambivalence.

Same experience - told plenty - don't know anyone that acted. One guy said that "I know what your saying but I like my local bank manager/staff". Does he still like his local bank staff (assuming they even still have jobs with that bank)? Have not seen him since to ask.