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Offered 5.24% 7 Year Fixed Rate

TOBRUK
Posts: 2,343 Forumite

I am currently on SVR an since the Bank of England rate cut will receive 2.5% cut on SVR in January. However, despite this cut I have been looking at getting another fixed rate as I feel when things start picking up it will be difficult getting a good competative fixed rate deal. I have been offered a 7year 5.24% fixed rate or 5 year 5.19%. This is based on free valuation and free legals.
Is this in your opinion a good deal?
Is this in your opinion a good deal?
0
Comments
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Is there an arrangement fee? also what's your LTV?0
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Who is the lender?
Arrangement fee is important, but the headline rate for a 7yr fix looks very attractive to me.0 -
No arrangement. Broker's fee of £575.00.
60% LTV.0 -
Lender C&G - Lloyds TSB0
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Who with?
Sounds like a great deal.0 -
D'oh too slow.
Any tie ins after the 7yrs?0 -
Who is the lender if you don't mind me asking? Looks quite a good deal if there are no arrangement fees and I wonder if it is available directly.0
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I was even later!!
http://www.lloydstsb.com/mortgage/5_year_fixed_rate_motgages_50k_to_1999k.asp
I'm quite tempted by some of the 5 year deals - I thought they were only for existing customers. So thanks for that.0 -
I see they are doing 1 10yr fix as well at 5.39%. Both these look cracking deals.
I'm due to remortgage in April and will be looking for a 7 or 10 yr deal at that stage. It's good to see some competitive deals starting on longer term fixes, without exorbitant fees as well.0
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