Interest rates in the UK …. currently paying 0.19 above base rate tracker on life. Is this correct?

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I am currently paying 5.19% as the rate is changed in September of each year. I would have lowered, but said I could wait AS WELL, I am repaying the loan. This is a fully flexible mortgage with no tie-ins, and publish only £ 250 administration fee. Ive had for almost 2 years

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    February 5, 2011 at 2:49 am

    I take it you mean that you could change your monthly payments as the funder will apply a lower rate in September.

    I think it would be better to stick with this deal as the base rate is currently moving downwards. Not sure that a yearly change is the best thing, given that the rate has gone down recently but I’m not sure that you will get a better deal at present – it depends upon your circumstances.

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