MK5 Golf GTI

General => Random Chat => Topic started by: Pete R on March 03, 2013, 07:04:00 pm

Title: Mortgages
Post by: Pete R on March 03, 2013, 07:04:00 pm

Well our 5yr fixed is coming to an end just wondering what sort of rates people have been getting recentlty..

Title: Re: Mortgages
Post by: skard on March 03, 2013, 07:25:31 pm

I think the best rate you'll get right now is the one you'll default onto when your fixed rate is up - a tad above the BoE interest level?

Title: Re: Mortgages
Post by: mad_pete on March 03, 2013, 07:56:10 pm

There are some crazy 2.7 % five year fixed rates about. Need 60% LTV though

Title: Re: Mortgages
Post by: andrewparker on March 03, 2013, 08:15:40 pm

Yeah, if you're lucky enough to have 40% equity in your property then there are some great deals available. I've seen as low as 1.9%!

Title: Re: Mortgages
Post by: Frodo-anni on March 03, 2013, 08:53:23 pm

Some of the great low rate fixes do have high arrangement fees, so when added to the cost of the monthly payments over the term, it cancels out the initial low interest rate. See what SVR your current lender put you on, before rushing into any deal.

Title: Re: Mortgages
Post by: Pete R on March 03, 2013, 09:07:45 pm

Cheers for input guys

Because we fixed on 5.63 5 yrs ago we will drop onto about 4.5

Santander who we r with have offered 3.79% with £125 fees

Barclays have offered us 3.39% with 495 fees

Where are the 2% ones hiding then.....

Thanks Pete. :happy2:

Title: Re: Mortgages
Post by: Top Cat on March 03, 2013, 10:03:39 pm

http://www.money.co.uk/mortgages.htm

Title: Re: Mortgages
Post by: Frodo-anni on March 03, 2013, 10:22:55 pm

All depends on your LTV, but Yorkshire Bank have 2.59% with no fees, post office have 2.79% fixed, sure it was HSBC that launched the 1.99% fixed a few weeks ago.