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Transfer Window Mortgages

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The grapevine tells me that a certain lender is canvassing market opinion for a type of mortgage that would allow the borrower to switch annually between fixed rates and tracker rates without fees or penalties. I haven't heard of this type of mortgage before. Has anyone?

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The grapevine tells me that a certain lender is canvassing market opinion for a type of mortgage that would allow the borrower to switch annually between fixed rates and tracker rates without fees or penalties. I haven't heard of this type of mortgage before. Has anyone?

The lender would not be Santander would it

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Isn't this called a 'drop lock' mortgage? Or something similar anyway.

The problem is if you take a tracker now and rates move against you then the fixed deal won't be very attractive anymore.

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It was mentioned to me by the missus...one of the market research questions was "How would you feel about the 'product' if it was offered by Northern Rock?"

I am not looking for a mortgage right now...I just wondered about this type as I had not heard of it before and I was worried that our nationalised lender might be trying to tempt more people back into buying with a new type of mortgage. I shall google 'drop lock mortgages'

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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