Advice for best fixed deals (3/5 Year Fixed)

aslawrie

Hi All,

I missed the boat with the Natwest 4.99 5 year fixed deal with an arrangement fee of £299 a couple of weeks ago.
My house is valued at £170,000 and i have a mortgage for £113000 leaving me a LTV of roughly 68%
I'm being put off by the £999 arrangement fees applicable to most of the current deals.
Can someone offer me the best market deal currently please,

Many thanks,

Al

supersunshine

Yorkshire BS are doing a 3 yr fixed rate at 4.29 for £295 I think, might be worth looking at.

aslawrie

I've looked at the fixed three year deals but am leaning more towards a 5 year fixed if possible? Any further offers available peeps???

Soot2006

We got a Northern Rock 5 yr fix at 4.69 a few weeks ago -- might be worth seeing what's on offer this week? Arrangement fees were high, but we worked out that over 5 years it remained the best loan for us compared to 3 yr fixes (accounting for the likelihood of paying a new arrangement fee in 3 yrs!), higher interest rates, etc ...

supersunshine

co-op also had a 4.69 - not sure what the fee is for it . HSBC had a 4.44 but not sure what LTV that is for - the fee was £599 for that one.

johnbhoy10

Al-this interests me because i have a deal 'reserved' with RBS of fixed at 4.69% with £299 arrangment fee and lawyers/valuation paid. I have stalled on this at the mo because i'm thinking i was a bit hasty. For a start i have redemption fees of approx £2500 which i would have to pay YBS on my current 4.99% till end of feb 10 (not a bad rate i know). Maybe going on a fixed rate will be the right thing in hindsight but who knows how long these low trackers will hang about. One well known broker was saying recently it was a good time to grab a medium term fixed deal and now they're not quite so sure. You don't mention what your current rate is and what rate you're going on to. You have a pretty good LTV in your favour to get a good fixed rate deal. If i decline the RBS deal they will hit me for £275 valuation fee but i'll consider it a lesson learnt and take my medicine. For best deals i find the FSA mortgage tables really good and easy to follow website

aslawrie

Hi johnbhoy10,

My current deal has expired so i'll have no redemption fees to pay and i'm just running with the mansfields base rate plus 2% i think, were just waiting for the first payment to go out.

I'm going to look into the HSBC/RBS and Co-op deals mentioned, cheers all