My current tracker mortgage with Nationwide expires at the end of the year. I have seven and a half years remaining on the term. The mortgage is interest only as I have an endowment which has been running for seventeen years. I have been over-paying the Nationwide to make up the endowment deficit. It appears the SVR and the new Trackers or Capped offers from Nationawide are not that attractive when compared on your site with the likes of the Woolwich trackers which can go over the remaining term.

Is a new Tracker over the term a sensible approach or is there a better option? It would seem the Woolwich will pay the valuation and give £200 cashback which would go towards the solicitors fees.

I was in a similar position a year ago - 21 years in to a 25 year term with Nationwide on a converted endowment mortgage

Eventually - I decided to cash in the endowments early (taking a loss) - and pay off the remains of the loan

This may be an option for you......

I have not regretted it once - since the house is now mine and nobody elses