4.15% - best 5 yr fix @75% ltv?

clairehi

Sportbilly wrote: »

I haven't- will they just you give a figure if you ring up and ask, or do you need to pay the fee first?

yes if you are an existing cust just give them your mortgage ref number and the system will tell them what it thinks your LTV is. it will be wrong, but there you go.

you dont need to pay the fee first.

Sportbilly_2

I'm not an existing mortgage customer unfortunately. I'm happy enough with the Post Office deal- it's certainly a lot better than I expected to be looking at six months ago. Plus I'd be going onto the BoE rate +1.99% at the end of it, rather than A&L's SVR which seems pretty high at the moment.

Trig1903

Clairehi, yes I asked them if they could say what it would be and they said they couldn't which surprised me greatly and made me a little suspicious.

I've now gone and completed the illustration which says that if you make lump sum overpayments (over £500 by cheque) then interest is recalculated the next day but for regular overpayments it's only at the end of the financial year. So I'm thinking that as long as any overpayments made are via the lump sum method, the fact that the mortgage is on a monthly interest basis as opposed to daily interest shouldn't make a significant difference. To be honest it's so much better than any other 75% ltv 5 year I've seen that I think I'll go and apply. Fingers crossed.

cheers

clairehi

Sportbilly wrote: »

I'm not an existing mortgage customer unfortunately. .

they should still give you the desktop valuation over the phone though, you wil ljust have to tell them how much you need to borrow and the address.

Sportbilly wrote: »

I'm I'm happy enough with the Post Office deal- it's certainly a lot better than I expected to be looking at six months ago. Plus I'd be going onto the BoE rate +1.99% at the end of it, rather than A&L's SVR which seems pretty high at the moment.

the lifetime tracker may be useful but who knows what the bbr will be then.

ironically we are on a free A&L lifetime tracker at the moment at bbr+0.99% but I am too concerned about future volatility to stay on it.

I am however going to delay completion of the new mortgage (offer valid for 6 months) to hopefully enjoy a few months at 1.49%

clairehi

Trig1903 wrote: »

Clairehi, yes I asked them if they could say what it would be and they said they couldn't which surprised me greatly and made me a little suspicious.

cheers

I rang them today as well and they couldnt give me that info either (for my mortgage obviously not yours!) which is a bit rubbish. Locoblade's spreadsheet (on this forum somewhere) will give you a figure though, and it works out interest monthly like the PO mortgage.

Trig1903 wrote: »

To be honest it's so much better than any other 75% ltv 5 year I've seen that I think I'll go and apply.

Agreed and good luck!

stolt

Right, just took the plunge and applied via the phone, surprisngly they have approved me over the phone so are going to send out my keyfacts to my email and ring me back in 30mins so I can agree to that. Then the lady said I just have to send one months wage slip, p60,bank statements. And the valuation will be booked

clairehi

stolt wrote: »

Right, just took the plunge and applied via the phone, surprisngly they have approved me over the phone so are going to send out my keyfacts to my email and ring me back in 30mins so I can agree to that. Then the lady said I just have to send one months wage slip, p60,bank statements. And the valuation will be booked

which lenderwas that Stolt? Did you cancel your applciation with Abbey?

stolt

clairehi wrote: »

which lenderwas that Stolt? Did you cancel your applciation with Abbey?

Hi, that was A& L, just wanted to make sure that I was approved and now I am I'm going to cancel abbey and get the money back.

clairehi

stolt wrote: »

Hi, that was A& L, just wanted to make sure that I was approved and now I am I'm going to cancel abbey and get the money back.

You have a complicated life! Let us know how you get on

Trig1903

Well that's me got an AIP and applied. It says it's been referred and they will contact me with details of further info they need. Not sure if that's the norm or whether it's because I changed employer recently although it's in the same line of work and I was with my previous emplyer for 11 years so hopefully not an issue. Just wait and see I guess although we do have a backup option sorted out.