Best 5 year fixed rate mortgages
kitchensink_2
Forumite 137 Posts
Hi all
sorry for another what's the best deal thread, but i may need to find a mortgage deal fairly sharpish for a house i have offered on - (i did have a aip with one of the lower rates and just missed it)
I'd like a 5 year fixed, 60% LTV is okay, with an overpayment facility and so far I've found the following
post office at 4.45% with a £599 fee
natwest at 4.59% with a £299 fee
Britannia at 4.24% with a £999 fee
Chelsea at 4.34 with a £995 fee
Alliance and Leicester 4.49% with a £495 fee
Has anyone found anything better? I'm planning on speaking to my mortgage advisor (who is whole of market etc) but I was told during my last discussion with him that some lenders won't go through advisors as they are not prepared to give them commission???
any help/thoughts, especially about the rates, would be great thanks
sorry for another what's the best deal thread, but i may need to find a mortgage deal fairly sharpish for a house i have offered on - (i did have a aip with one of the lower rates and just missed it)
I'd like a 5 year fixed, 60% LTV is okay, with an overpayment facility and so far I've found the following
post office at 4.45% with a £599 fee
natwest at 4.59% with a £299 fee
Britannia at 4.24% with a £999 fee
Chelsea at 4.34 with a £995 fee
Alliance and Leicester 4.49% with a £495 fee
Has anyone found anything better? I'm planning on speaking to my mortgage advisor (who is whole of market etc) but I was told during my last discussion with him that some lenders won't go through advisors as they are not prepared to give them commission???
any help/thoughts, especially about the rates, would be great thanks
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He is correct. Some lenders only offer products direct to the consumer, however he can source them for you and charge you a fee for finding them I guess.
anyone have any opinions on the rates please?
I've also noted down an Ipswich one at 4.25% (£999 arrangement and £350 survey) but not sure if its still available... i've been meaning to check.
Otherwise these are the same as I have at the top of my spreadsheet.
Fee £245 i think !
happy broker, yes your right. We are more interested in monthly payments than fee's - although I'm not saying we would overlook them!
Thanks dimbo - i've never really considered offset and will have a look at ybs. I used to have my mortgage with them and never had any trouble apart from mixed call centre messages re redemption fee's but the in-house advisors have always been clear.
I think tomorrow will be a busy day, going through all the fine details
I can't find anything better than this 5yr deal at the moment. Incidentally it's 60% LTV max.
The Principality have a 4yr fix to 31-03-13 @ 3.99%. Again 60% LTV, fees are £999 and 5% ERC for the full 5yrs.
Reports over the last week suggest mortgage uptake hasn't increased over the last couple of months so maybe if a couple of banks might take the gamble and start offering 4% fixed deals again then a few more will.
My current deal comes to an end in a couple of months, so while it would be nice to have something sorted now I could risk riding the SVR for a few months if I think there is a chance of getting a decent long-term deal.
a few people are reporting that people are taking up mortgages, i think a lot of it has got to do with the svr rate being so low, people think why bother when they are on such a low rate anyway.
Im surprised a few companys have put their rates up, maybe they know something we dont, like that rates are going to start to go back up.
Heres a article on uptake in mortgages, having said that though, it says they are nowhere near what they was this time last year.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/5152448/Mortgages-go-up-in-positive-sign-for-economy.html