Cheapest Two Year Fix

pauper79

Does anyone know the current cheapest two year fix (with no tie in) for a first time buyer? All the best buy tables I have come across, both in the newspapers and online, are out of date / incorrect for almost all entries.

herbiesjp

Do you mean with no tie-ins at all or simply no extended tie in after the fixed rate period?

Also without any figures it is difficlut for anyone to point you in the right direction, as many deals are dependent on how much you are borrowing against the actual value of the property.

It sounds like you should be sitting down with a good whole of market adviser to see what is best for you.

MortgageMamma

I agree with herbie why would you want to enter into possibly the biggest financial transaction you are ever likely to make without taking professional advice? A good advisor will leave you clued up on everything, take the pressure off you to find a suitable mortgage and hold your hand through to completion.

stanmoresaver

MortgageMamma wrote:

I agree with herbie why would you want to enter into possibly the biggest financial transaction you are ever likely to make without taking professional advice? A good advisor will leave you clued up on everything, take the pressure off you to find a suitable mortgage and hold your hand through to completion.

And indemnify you if the whole thing goes wrong!

No-brainer really! :cool:

lisyloo

And indemnify you if the whole thing goes wrong!

No-brainer really!

and of course they will never lie.
They wil never mis-sell.
They will never recommend a product just because they get more commission.
They will do whatever is in your best interests.

All tongue in cheek of course, but having won a number of complaints/mis-selling cases I am a little cynical.
I prefer to do it myself.

lisyloo

BTW - Nationwide looks pretty good to me.
4.39% (last time I looked).
No legal fees or valuation costs.
You can overpay and it's daily interest.
No overhang.

As always do your own research or get a broker.

Hillfly

pauper79 wrote:

Does anyone know the current cheapest two year fix (with no tie in) for a first time buyer? All the best buy tables I have come across, both in the newspapers and online, are out of date / incorrect for almost all entries.

If you want i can recomend a genuine independant broker who i have used 3 times and is very good. He's now a friend of mine as it turns out we grew up in the same area and have some common background.

He helped me with my 1st mortgage, remortgage and then moving house. Can't praise him highly enough.

PM me if you are interested in his details.

MortgageMamma

lisyloo wrote:

and of course they will never lie.
They wil never mis-sell.
They will never recommend a product just because they get more commission.
They will do whatever is in your best interests.

All tongue in cheek of course, but having won a number of complaints/mis-selling cases I am a little cynical.
I prefer to do it myself.

Hmmmm, you need to get over yourself (and your past experiences). Any self respecting Independent Whole of Market Broker does not need to lie, cheat and mis-sell to make a living. Our level of expertise is such that we know far more than Joe Public ad what would take the average person hours/days/weeks and possibly expense to work out, a good broker can do immediately.

I for one can state I have never lied to a client, and I never will do, as I believe in building and maintaining a good reputation and I want my clients to trust me and use my services again, as do most brokers. Its called being a professional.

stanmoresaver

MortgageMamma wrote:

Hmmmm, you need to get over yourself (and your past experiences). Any self respecting Independent Whole of Market Broker does not need to lie, cheat and mis-sell to make a living. Our level of expertise is such that we know far more than Joe Public ad what would take the average person hours/days/weeks and possibly expense to work out, a good broker can do immediately.

I for one can state I have never lied to a client, and I never will do, as I believe in building and maintaining a good reputation and I want my clients to trust me and use my services again, as do most brokers. Its called being a professional.

Don't rise to it L,

Hillfly's post speaks a lot louder!

SS

lisyloo

Hmmmm, you need to get over yourself (and your past experiences).

Not sure what you mean by "get over yourself".
The experiences are current and on-going for millions of people.
I did intend my response to be somewhat jovial hence the explicit "tongue in cheek" reference :-)

Any self respecting Independent Whole of Market Broker does not need to lie, cheat and mis-sell to make a living.

Perhaps you could explain to 3 million people what happened with their endowments :-)

Our level of expertise is such that we know far more than Joe Public ad what would take the average person hours/days/weeks and possibly expense to work out, a good broker can do immediately.

In a lot of cases maybe.
However I have spent 4 years on fool and moneysavingexpert and I don't consider myself joe public.
I'm not being arrogant. I'm just saying that my IQ and hard work have put me beyond average.

I for one can state I have never lied to a client, and I never will do, as I believe in building and maintaining a good reputation and I want my clients to trust me and use my services again, as do most brokers. Its called being a professional.

That's very commendable.
However you cannot deny that there are some rougue elements in your profession (as in any profession).
I work in IT and I believe that some of the IT work done in this country is scandolously bad.
I'm not having a go at your personally, I simply believe that intelligent people can work things out for themselves given a little work (and sites like these).

My experience is that being in control of my finances has given me a better result.
I switch products regularly.

I have NEVER met a financial advisor (in ANY sector of finance) that has called me up proactively and suggested I switch products to get a better deal. I have ALWAYS had to do this for myself.
This is in my view because commission is often front loaded and therefore on-going advice is a low priority for many advisors.

lisyloo

pauper79,

Please note that you may get some deals direct which you cannot get through a broker.
Also note that there are some deals that brokers may have exclusive access to which you may not be able to get for yourself.


Can I request that we stick to helping pauper79 and not get into a slanging match?
This is what the site if for after all :-)