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Are these mortgage offers any good?

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Turin_Turambar
Turin_Turambar Posts: 78 Forumite
edited 4 June 2009 at 3:58PM in Mortgages & endowments
I have contacted an indepentdant mortgage advisor who has supplied me with 2 quotes, are they any good?

I am a ftb with a £50k deposit



these figures are based on a property valued at £90,0000 with a mortgage of £40,000 ona repayment basis over 25 years.
I charge a fee of £295 which is only payable if and when the mortgage completes

Product1 = 4yr fixed Rate = 4.89% Fees= £0 Cashback = £0 Per Month = £231.28 Valuation Fee = £250 Notes = Val. Refunded on completion

Product2 = 5yr fixed rate = 4.89 Fees=£299 Cashback= £250 Per Month=£231.28 valuation Fee=£0
There are many things I'd like to say to you, but I don't how...
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