can intereste rate go down further?-urgent

I am applying for a mortgage now. I don't know if I choose fixed rate or tracker rate. I just looked the lowest fixed rate in RBS for me is 3.49%. However, the lowest tracker rate for me is 4.29% based on 1.5% Bank of England in Cheltenman and Glouster--C & G.

The monthly repayment in RBS is about £64 cheaper. But I can get £80 off from C & G if the intereste rate is reduced to 0.5%. But I can switch this tracker to fixed product in C & G if I want to in the 2 years. The product fee in RBG is £200 more that one in C & G.

C & G am introduced by the mortgage advisor in estate agent. And this property is repossession. The thing I am worrying is: Once the process of applying RBS, estate agent could withdraw the offer from me. Because I did not use their mortgage product.

Another difficulty is I have to pay the product fee to RBS in front. It is not refunded if they offer the mortgage to me and I don't want it anymore.If the interest rate will going down, I prefer the one in C & G.

Does anyone have this kind of experience?


Many Thanks!

所有跟帖： 

• 回複：can intereste rate go down further?-urgent -愛哭- ♀ (35 bytes) () 01/26/2009 postreply 09:16:30

• 3.49% fixed rate???,,,現在借的到那麽低嗎？，，， -四國大戰- ♂ (49 bytes) () 01/26/2009 postreply 09:30:18

• 我怎麽感覺你也磨刀豁豁了~~~ -努力學習123- ♀ (0 bytes) () 01/26/2009 postreply 12:11:25

• 觀望，，， -四國大戰- ♂ (137 bytes) () 01/26/2009 postreply 13:16:24

• see RBS web -js470- ♂ (0 bytes) () 01/26/2009 postreply 14:58:25

• Overall cost for comparison is 4.3% APR -愛哭- ♀ (11 bytes) () 01/27/2009 postreply 02:31:18

• 回複：can intereste rate go down further?-urgent -我有空來看看- ♀ (94 bytes) () 01/26/2009 postreply 16:14:05

• i did it -js470- ♂ (0 bytes) () 01/27/2009 postreply 02:39:52

• 回複：can intereste rate go down further?-同問 -londonfog2008- ♀ (97 bytes) () 01/27/2009 postreply 14:56:52

• where you got 3.44? -js470- ♂ (0 bytes) () 01/28/2009 postreply 03:23:15

• I got it from RBS.but -js470- ♂ (184 bytes) () 01/28/2009 postreply 03:33:41