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ajaybali
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Post subject: BTL mortgage..... Posted: Sat Jan 22, 2011 2:24 am |
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Posts: 117
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Hi, I have a BTL mortgage with a lender whose SVR is quite high. I am thinking of few options with one being a tracker for life (3.49% on top of BOE base rate) and other being C&G. C&G have 2yrs fixed then switching to their SVR which currently stands at 2.5%. I read on their website that their SVR will not go above 2% of BOE rate. I asked them to provide an illustration but they can not give this SVR rate pledge in writing. I am wondering if they will stick to this pledge or not. Any advise? Thanks in advance
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