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good rate or not great?!?

hpjpmpmp
hpjpmpmp Posts: 14 Forumite
in Mortgages & endowments
:eek: can someone answer this - i am reading more and more and still dont know if this deal is good - is 6.19% on a two year tracker mortgage a good deal?
help!!!!!!!!!!

Comments

  • minimike2
    minimike2 Posts: 2,210 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It depends what the fees are.
  • Toughluck
    Toughluck Posts: 317 Forumite
    Is 2.99% a good rate!!!!!!!!!!!!!!!!!! I have no idea. Problem with posting the 6.19% rate is that there are more factors than the headline rate. As mike said, the fee could be 1p or it could be £2,000. You may have a £40,000 mortgage or a £400,000 mortgage. You need to elaborate.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Take advice with a pinch of sea salt!
  • manikm
    manikm Posts: 223 Forumite
    Part of the Furniture Combo Breaker
    Toughluck wrote: »
    Is 2.99% a good rate!!!!!!!!!!!!!!!!!! I have no idea. Problem with posting the 6.19% rate is that there are more factors than the headline rate. As mike said, the fee could be 1p or it could be £2,000. You may have a £40,000 mortgage or a £400,000 mortgage. You need to elaborate.


    i'll take a 2.99% on a 25yr fixed pls.
  • Richard019
    Richard019 Posts: 461 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    manikm wrote: »
    i'll take a 2.99% on a 25yr fixed pls.

    OK I'll give you that. There's an arrangement fee of twice the amount you want to borrow from me though, and the fees need to be paid up front.
  • Toughluck
    Toughluck Posts: 317 Forumite
    The 2.99% was a flippant comment, but I would flippantly take it myself if is was on offer (and I'd seriously consider paying my ERC to get it as well!!!!)
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Take advice with a pinch of sea salt!
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