Weird mortgage thing

[Rotty]

Need to remotgage soon as deal finishing

currently on SVR -1.75% , which, due to my provider being a bunch of ***** is 4.24% after discount

now I have been on the comparison sites and there are many tracker deals at around base + 2.75% ( and to think I used to have one at base +0.14% ) so this comes out at 3.25%

odd thing is that the monthly payments on all of them is higher that I am paying now

any ideas why ?

 

[Rotty]

there was 10yrs left on mortgage and new term is 10 yrs

 

[Rotty]

I don't know that one Rotty but you might get an answer here.

ta

 

[Rotty]

I thought people whose mortgage deals were ending now were enjoying low re-payments

nope, the new deals generally stink