is this a good deal???

alyssa_mae

I have just started the ball rolling to move my mortgage. london & country found me a deal with chelt & glouster. 4.49%. £595. saving us £1300 over 2yrs fixed rate.

I rang chelt & gloster as we have a lloyds tsb customer account there should be no fee's. so they.ve offered 2yrs fixed at 4.99% saving us £1416 over 2yrs. Is this a good deal or could we do better???

dunstonh

That same deal may be available through L&C, who may not have been aware of your relationship with the bank when you enquired through them.

TheTraveller_3

Hi,

If you post the mortgage amount you're looking for, the term and whether it's a repayment or interest only mortgage, then it will make it easier to see if it's a good deal.

alyssa_mae

TheTraveller wrote:

Hi,

If you post the mortgage amount you're looking for, the term and whether it's a repayment or interest only mortgage, then it will make it easier to see if it's a good deal.

£75500 over 16yrs. repayment.

alyssa_mae

dunstonh wrote:

That same deal may be available through L&C, who may not have been aware of your relationship with the bank when you enquired through them.

They take down who you bank with so they knew we were with lloyds tsb.

TheTraveller_3

As C&G don't offer the same rates to existing customers as new ones, you will most likely end up remortgaging again in 2 years time and incure their £225 mortgage discharge fee. Income allowing, I believe you may be able to do better than both these deals. Have a look at Nationwide and Bank of Ireland.

alyssa_mae

There's no tie in at the end of 2 years so we will be free to move our morgage if we need to. It's not directly with c&g as it's classed as a lloyds tsb morgage. however I will take your advice and ring the bank of ireland and nation wide. thank you.