Best Mortgage Offers

Scaredy_Cat_3

If it's of any interest, I got a quote from the Britannia, and they said they do automated valuations - not even a drive-by, just a computer estimate! They charge £60 for this.

We had a valuation done by the Chelsea, and they valued it at 30k less than I did!!! It's also 24k less than we paid for the place just 2 years ago. We spoke to a friend of ours who is an estate agent and his feeling was that a drop of about 30k is quite common at the moment, and he felt that many mortgage companies are actually valuing very cautiously these days.

wirralite

THank you everyone, for the feedback. There are some very good opinions.

I am not calling any of this advice, or I will have someone questioning why I will take advice from strangers on the internet but think that "professional" advisors aren't worth a damn.

For me I think I will stick with the Co-op tracker. It provides flexibility that I am after. I can make 10% overpayments, and after 3 year, when the deal period ends I can make a lump sum payment to bring it down further. Then if interest rates rise I (should) have a lower mortgage than if I had taken a fixed rate now.

happybroker

don't forget the vast majority of fixed deals on market for mainstream clients offer the facility to repay 10% of your balance also and every deal I can think of that has no extended tie in period will allow that extra lump sum to be paid off.

I don't think anyone is offering you advice so no need to worry about being questioned about your internet use but their are cheaper trackers out there than 2.49% over (One Account confirm that the 3.75%is variable also) and it all depends on the loan amount, value, employment status, credit profile................the list goes on. If the advice of a professional is free then it's there to be considered, you don't have to go with it.

Good luck, I'm sure you'll be ok