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lendgo
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# 1
arch stanton
Old 30-12-2008, 2:15 PM
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Default lendgo

hi all has anybody used above company ( lendgo ) for remortgaging. im currently in a fixed 5 year with nationwide 5.6% ( 2.5 years to go ) and i was considering re mortgaging .
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# 2
luckyfool
Old 30-12-2008, 2:52 PM
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Quote:
Originally Posted by arch stanton View Post
hi all has anybody used above company ( lendgo ) for remortgaging. im currently in a fixed 5 year with nationwide 5.6% ( 2.5 years to go ) and i was considering re mortgaging .
Lendgo are not a mortgage broker or lender . . . basically they are a marketing company/lead generator and will sell your enquiry on to a mortgage broker who would contact you directly after you submit your online enquiry. How good yours or other peoples experiences would be will depend on who you end up speaking to which could be one of hundreds of different brokers.
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# 3
arch stanton
Old 30-12-2008, 3:21 PM
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thanx for that lucky fool. what are the best deals at mo .
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# 4
luckyfool
Old 30-12-2008, 3:27 PM
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Depends on what you want. Fixed/Variable, short/long term, 10%/25%/40% deposits etc.

e.g. with a 40% deposit you can fix your mortgage for 10 years at 4.99% which is historically a pretty good rate, 2 yr fixed rates are available at around 4.2% and you can get trackers at 3.5-4.4% depending on deposit/income etc.
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# 5
arch stanton
Old 30-12-2008, 4:32 PM
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i currently owe 90k over 16 years , if i went fixed at the 2 year rate stated (4.2 )how much would i be paying per month
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# 6
luckyfool
Old 30-12-2008, 4:49 PM
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On a mortgage of that size are you sure you want to be paying fees every couple of years to get a new deal? How long are you likely to be staying in the property for?

Assuming a 16 yr term your mortgage payment would come in at around £644.
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# 7
arch stanton
Old 31-12-2008, 1:37 PM
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hi luckyfool, i cant see me moving to tell the truth and i currently pay £710 on my fixed rate. do you think i should shop around for a better deal even though there will be a cash penalty to terminate my fixed term.
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# 8
feisty1
Old 31-12-2008, 1:41 PM
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you choose a fixed rate mortgage for financial stabiity, you have 2.5yrs to go so u will have exit penalties, arrangement fee with new lender..........does it make financial sense to move?.........base yr decision on yr calcuations
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# 9
arch stanton
Old 25-03-2009, 11:09 AM
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just to add to my thread, ive just been into the abbey to pay some bills and they want to offer me 2.5% fixed for 2 years. how much would i be paying per month :confused: , i owe 90k ,16 years left.
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# 10
jill2002
Old 25-03-2009, 11:46 AM
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I think you will find that it is a 2.99% 2 year fixed rate with a £599 fee (must be paid upfront). Exclusively for existing Abbey Bank account customers who have an active Bank account with them for 12 months.

Your payments would be £590.35 on a £90k mortgage over 16 years on repayment.
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