When did tracker mortgages become discounted period then var
Discussion
Had a quick look on moneysupermarket and even if you only select tracker as mortgage all come back with a tracker rate - for 24 months then reverts to their standard variable rate!
Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
CoolHands said:
Had a quick look on moneysupermarket and even if you only select tracker as mortgage all come back with a tracker rate - for 24 months then reverts to their standard variable rate!
Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
Nothing new here at all......Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
swerni said:
If you buy a lifetime tracker or not is up to you.
This.You have always been able to choose a two, three or five year tracker in the same way as you can fixed rates. All of which revert to the lenders SVR afterwards.
Or you can choose a Lifetime product that doesn't revert to an SVR.............nothing new here
Ok I hadn't seen them before. To me they should be described as SVR with a discounted period (which happens to be a tracker). The tracking element is the most minor part of the mortgage type so it seems odd to have it categorised as such.
When you search trackers nearly all the mortgages that come back were of this type which wasn't, in my mind, what I was expecting for a tracker!
When you search trackers nearly all the mortgages that come back were of this type which wasn't, in my mind, what I was expecting for a tracker!
CoolHands said:
Ok I hadn't seen them before. To me they should be described as SVR with a discounted period (which happens to be a tracker). The tracking element is the most minor part of the mortgage type so it seems odd to have it categorised as such.
When you search trackers nearly all the mortgages that come back were of this type which wasn't, in my mind, what I was expecting for a tracker!
Why should they be described differently when everyone in the world, apart from you, understands what they are? The financial world doesn't base itself on your lack of knowledge I'm afraid! When you search trackers nearly all the mortgages that come back were of this type which wasn't, in my mind, what I was expecting for a tracker!
CoolHands said:
Had a quick look on moneysupermarket and even if you only select tracker as mortgage all come back with a tracker rate - for 24 months then reverts to their standard variable rate!
Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
I'm not sure why you're upset Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
Not all trackers are lifetime trackers.
CoolHands said:
Had a quick look on moneysupermarket and even if you only select tracker as mortgage all come back with a tracker rate - for 24 months then reverts to their standard variable rate!
Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
Indeed, it's almost as if they are businesses trying to make a profit, rather than charities, isn't it...Eg tracker rate of 1.69 then reverts to 4.74% and other such ridiculous figures!
Err I thought trackers were, you know, trackers. They're all fecking shysters aren't they. I know you can still get term trackers but this is a new one on me.
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