Best 5 Year Fixed rate and Offsets?

supersunshine

Hi

What are the best 5 yr fixed rate deals on at the moment? Am looking at just a fixed where you can overpay and also offset fixed rates for 5 years. We have 40% LTV rate. Was looking a while ago and am now gutted I didn't go with my instincts and get an offer then as rates seem to be up a bit now :-(

Cheers

SuzieMum

HSBC rate matchers are good, go on to their website and type in your figures and it will give you lots of options. Also sometimes a window pops up and you type directly (live chat) with an HSBC person who answers any questions you have!

stopthespends

hi

i was thinking of the hsbc matcher but the arrangement fee was £2000.........semed a bit steep....but rate would be 2.99% for 2 years

what do you reckon?

Lettyx1

I've been looking at their rate matcher too but have ruled it out because you can't make overpayments.

Patmoore

Lettyx1 wrote: »

I've been looking at their rate matcher too but have ruled it out because you can't make overpayments.

Not so sure. You can't make unlimited overpayments but I believe you can take on 20% per month over your monthly payments.

Least that's what I have been told, consistent with all fixed rate deals across the board (have that in writing with my AIP, albeit no mention of rate matcher.).

Applying on Thursday, so guess I'll know for sure soon

mumboojumboo

An idea how long HSBC takes to process the application?

Heard they are delaying a bit as well?

SuzieMum

You can indeed make over payments of 20% per month. Not all arrangement fees are £2000, just adjust the interest rate to lower the fee.

I am half way through an application now, have just signed and sealed everything and hoping for valuation this week. (I mentioned on another thread, our desktop valuation was declined, so we are now forced to pay £192 for a valuation, rip off, they just decline them to make some extra money I think.).

doshunta

Sent my application off (4.44% 5 year 599 fees) on Saturday...they say longest wait should be 6 weeks ...and I have 4 so I hope they are faster.

Problem I saw (after they refused the desktop valuation too)..is that they want you to pay the 'Booking Fee' of 599 BEFORE THE VALUATION GETS CONDUCTED!...Seems !!! about face, given that they are asking for the fee before they have approved the valuation...

And yes, 20% per month overpayment possible, but this allowance doesn't aggregate annually, so you can only pay in a month's worth at any time..

Blade26

HSBC did an over the phone valuation for me on Saturday which means that I dont run the risk of paying the booking fee and then a valuation fee on top. Was very happy with the valuation, 10% more than we estimated.

We havent started the application process yet, booked in to do that on Saturday, so it seems that the process varies from branch to branch

HTH

SuzieMum

I asked them if I could "estimate" the property again (ie, pick a random figure out of the air, because really, who can value a house? Surely it is worth what someone will pay for it). They said no, you get one shot!!

dansep

Why aren't these seemingly good deals appearing on 'Best buy' website? e.g. Moneyfacts etc
They seem to have the current 5 year 4.45% fixed rate from Post Office as 'Best Buy' but the HSBC 5 year fixed rate at 4.44% is marginally better but is not on list....