Opinion please
I'm sorry that I am not a financial wizard or anything remotely close but if you want to kep your tracker while cashing in on your home sale then why not try offering a lower price for the home you are looking at?
Wed, 10/06/2009 - 19:14
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We have a buyer on our house at 250,000 & we have around 150,000 equity.
We have put an offer in on a more expensive place £300,000 but I think prices still have further to go perhaps up to 20% down over the next year but at least 10% I reckon.
Now the obvious thing to do would be to sell & rent & then not only would we be in a better position but we would probably get more for our money next year.
However here is the dilema we have a 0.74% lifetime tracker (we are currently paying 1.24% if we rent we lose that deal for good). Tricky one, any financial whizz out there that can give their opinion?
Many thanks