Whats The Best Fixed Rate Mortgage On The Market At The Moment??

katew87

herbiesjp wrote: »

Please be careful to look at the arrangement fees

Are there no other rates out there?

Ive looked at halifax and there fees are so high!!
Any other good providers doing good deals at the moment?

Toughluck

Try First National Bank or Platform. I have given you 2 fabulous suggestions and it isn't good enough by the looks of things. FNB or Platform all the way baby!!!!

kimfarren

Ive just entered my details into moneysupermarket site as my fixed deal ends in May next year (fixed for the last 3 years at 5.99%). It came up with an offer saying 3.99% then 6.79%, what does this mean? with an arrangement fee of just over £3,100 and an upfront valuation fee of £300. Does this look like a good deal?

herbiesjp

katew87 wrote: »

Ive looked at halifax and there fees are so high!!
Any other good providers doing good deals at the moment?

Thanks for checking out those fees

There are other deals out there with lower fees but the rates increase - but i think they will still work out more cost effective for you

The comparison sites are also out of date, as can be our own research tools, but we keep up to date via email notifications from the lenders

I think your best bet would be to talk to a whole of market adviser, fee free or not , the choice is yours.

swingjune

katew87, good luck with your search for the best mortgage rate, it's a mine field out there.

katew87

herbiesjp wrote: »

Hi Kate

I dont want to detract from your post

So just to recap:



If you want the lowest rates like the 4.99% deal then be prepared to pay a 2.5% arrangement = £3,750.

Otherwise look for other deals with lower fees, with the mortgage features that you want

Ive found a deal with Halifax 4.89% and 2.5% arr fee which would be £3750, (I would add this to the mortgage) this would make my payments £50 odd cheaper a month than the average 5.79% mortgage out there, surely this is the best deal at the moment or am I seeing something wrong??

Thanks for everyones help, I really appreciate it x

katew87

Toughluck wrote: »

Try First National Bank or Platform. I have given you 2 fabulous suggestions and it isn't good enough by the looks of things. FNB or Platform all the way baby!!!!

Sorry I didnt notice your post, my apologies 'Im on it!!!!':D Thanks

katew87

Toughluck wrote: »

4.99% C&G. Obviously there is fees involved but I cannot find and probably won't find one less than that.

This is the same deal as what Halifax are doing I think, let me just look into the fees. Thanks again

katew87

Toughluck wrote: »

At least that is the lowset rate available. Shame the fee is massive. You therefore need to find a happy medium. It is availbale up to 75% LTV. A lender is doing 5.39% with £1,499 fee currently up to 70% LTV. Cannot you not squeeze it in.

Yes Ive thought about this is it worth me putting an additional 3k down to qualify for the 70% LTV or do I go with the halifax one with the high fees but lower monthly payments?! oh the decisions, Ive got an appointment with a FA tonight as need to get the ball rolling asap so I dont loose this house I want:mad: oh the feelign of stress and excitement mixed together is great!!

herbiesjp

If you have the extra £3k then I would put it down to get a different deal

If you add on the £3675k fee you are then increasing your mortgage straight away by that amount, increasing your loan to value straight away, and paying interest on that amount as well