Good Tracker Rate

moniemango

I have just read in the Sunday papers of a good tracker rate mortgage by Birmingham Midshires of 4.24% for 2 years with arrangement fee of £699. Does anyone know if there are any additional charges for legals etc? I have tried to find out more but I think they only deal via brokers and there was nothing on their website.

I have a mortgage of £134,000 for 23 years and am looking to remortgage asap - I want to keep my monthly repayments as low as possible - I also have credit card debt of about £8k (all on 0% interest at the moment). I would welcome any advise.

payless

I have just read in the Sunday papers of a good tracker rate mortgage by Birmingham Midshires of 4.24% for 2 years with arrangement fee of £699.  Does anyone know if there are any additional charges for legals etc?  I have tried to find out more but I think they only deal via brokers and there was nothing on their website.

BM have the branch network and  BM solutions - which I believe is aimed more at broker business ( not sure if they also take direct)

They have a 2 or 3  of products listed similiar to the one you mention , but not exactly ( the 4.25% with £699 fee seems the closest  - no  freebies on that one, some of the others have but higher rates)

If you are sure it was 4.24% than perhaps it was an exclusive

there are loads of "exclusives" around at moment- some lower than the rate you quote ( but higher fees)


- of course the above information is not a recommndation - as can't say whether any of those deals would be suitable to your circumstances

herbiesjp

Hi there

I too have had a look for you, and as Payless, have only found the 4.25%.

NO free incentives on this scheme, and in addition to the £699 remember the valuation and legal fees.

There are some higher rates that offer freebies but it depends on what you are looking for.