* Which mortgage have you chosen? *

newmoneysaver_2

straddie wrote: »

That deal's gone now unfortunately. It's now 6.59%. You have to be so quick!

:eek: I've just checked with HSBC - as I have got my agreement in principle I can go ahead with that rate when the AIP department ring me back.

paulpett

CharleneUK wrote: »

Thanks for such quick responses!

Happy broker, I could kick myself actually as Skipton just withdrew their 5.79 rate yesterday and I've been ooh and aah'ing for the last few weeks and now it's got me nowhere as it's gone up to 6.19!! I have been liaising with a mortgage broker, who has been great, but maybe I need to contact a few more.

Petehi, fingers crossed!! I feel the same, that 2 years is a hassle, it's just that the rates are much more the more years you add on, it seems. Bleh, it makes my head hurt! LOL.

I asked Skipton about multiples right now, and they said they go with monthly affordability, so we shall see. We probably couldn't get a first direct in that case.

I'd better not ponder for much longer, as I can see rates going up again before I get time to make a cup of tea!

Have you found a property and put an offer in?

If so, get your skates on as my adviser says he has loads of emails telling him of fixed rates going up again - but i think you've found that out by looking at the Skipton deal!

TighterThanTwoCoatsOfPain

I just completed re-mortgage today on FDs 5.15% for 10 years.. total fees were just under £700 all in including legals, Arrangement, Valuation fee. Bargain! Offset & fully flexible in every way you can imagine..

Reserved in in Feb this year as rates were shooting skywards... Believe this deal is is now 6.19% and fees are £800 + valuation fee...

jojo70_3

Hi,
We have just fixed for five years with HSBC at 6.29%.
As we already had our mortgage with them we managed to not pay the booking fee of £799. We had to fight for this as our branch wanted to charge us, it was only when we got the Mortgage Retention people involved that the fee was waived.

Jo

:rolleyes:

Wisespender

Nationwide are good, 3 year 5.74% tracker (tracking at 0.74 above BofE base rate) I think the banks may continue to shift their rates up but BofE cannot afford to do it too much at the moment.

Wisespender

jojo how did ytou manage that fee waiver as we tried in branch and they said their hands were tied!

[Deleted User]

Just gone for Principality 10 year fix at 5.99. £999 fee and £300 valuation but free legals. Came in around £400 cheaper overall than Britannia's 10 year fix at 6.19 + £499 fee £65ish valuation and £200 legal costs.

CharleneUK

paulpett wrote: »

Have you found a property and put an offer in?

If so, get your skates on as my adviser says he has loads of emails telling him of fixed rates going up again - but i think you've found that out by looking at the Skipton deal!

THanks for all the replies all!! I'm going to go with the Skipton deal, just waiting on a mortgage broker to see if any better deals out there that I'm not able to access!

I haven't found a property yet, but wanted to ensure I have my finances in order before offering anything! How long do lenders tend to hold their offers, in general does anyone know?

jojo70_3

Hi wisespender,

Our branch said there hands were tied as well. If you look at HSBC website under Mortgages, and then Existing Customers switching, it states
'If you are coming to the end of your fixed rate term or you want to move from the standard variable rate, for a limited period we won't charge you a booking fee to move to one of our standard products (excluding Specials).'

If you then look under fixed rates it says

Standard OfferFixed UntilBooking FeeRateThen our HSBC variable rate for the rest of the term.Overall cost for Comparison 2 Year Fixed30.09.10Nil6.74%Currently 6.25%6.5% APR3 Year Fixed30.09.11Nil6.59%Currently 6.25%6.5% APR5 Year Fixed30.09.13Nil6.59%Currently 6.25%6.6% APR10 Year Fixed30.09.18Nil6.59%Currently 6.25%6.7% APR

Sorry table hasn't copied properly!! basically this just tells you booking fee is Nil

I phoned the Mortgage centre in Southampton, who the spoke to the Mortgage Retention Team, who waived the fee for me. I then went back to branch and told them about my conversation with the Mortgage Centre and Retention Team, who then liased with the Retention Team and waived the fee.
I found the Branch Mortgage Manager, a real pain, and she clearly wasn't aware of what was on their website. It angers me that they would have taken the money from us.
Anyway rant over, just hope I can help someone else.

Jo

paulpett

CharleneUK wrote: »

THanks for all the replies all!! I'm going to go with the Skipton deal, just waiting on a mortgage broker to see if any better deals out there that I'm not able to access!

I haven't found a property yet, but wanted to ensure I have my finances in order before offering anything! How long do lenders tend to hold their offers, in general does anyone know?

Not sure if I have read this right

Are you applying to Skipton but have not found a property?

I can't see how that will work or will it? - let us know