when my mortgage is up for renewal shortly, just looking to see what there is.....currently on a HSBC discounted (3.74% SVR discounted to 1.99%)

im looking at this which is a lifetime tracker, tracking at 2.09% above base rate
https://mortgages.hsbc.co.uk/product/A0 ... er-special

I can also see lots of 2 yr trackers at very similar %, am i missing something..... why would you go for one of those when the HSBC one seems to be free of early repayment charges and exit fees and extended tie in periods, so if things start looking dodgy re base rates you can switch to a fixed or new deal? No

Ive looked at so many mortgages in the past few days my head is now completely confuzzled!!

PS this is not an advert for HSBC

we have something similar (+.5% above base I think) for the term of the mortgage with HSBC. This is the same offer (but not quite as good obviously) by the looks of it so get in quick - it doesn't last long!

Cracking deal from what I can see

and im not missing something, if the tide starts shifting and base rates look like they are going up we can jump ship and get something else (with no penalties??)................. obviously everything will be going up then but hey ho

we have 2 mths of our current deal with hsbc to go I may give them a buzz tomorrow im sure they'd waive the small erc we have left to get us onto a new deal....

I went with a Lifetime Tracker, some 6 years ago when Interest rates were something
around 5%. Rate is Base rate plus 0.49%.

People told me I was stupid for not going with a 2 year or 3 year fix at a 1 or 2% discount off the base rate at the time.

Guess who's laughing now having being paying just 0.99% Int for several years now.

Also don't forget with a Lifetime tracker you will not have to pay re-mortgage fees every few years.

hadnt thought of that

true re the no remo fees, i did the same thing 5 yrs ago an got boe +0.49, lucky choice it ended up to be really.

i doubt they will let you out of your deal, not many big banks will, but maybe who knows

one q, is it really worth paying a 1k fee for a deal which is only marginally better than the deal you are on? how much do u owe (dont need to ans on here but think about it), how many months would it take to recoup the 1k (compared to staying on the svr)?