FTB: Fixed rate 5.99%-2yrs or 6.29%-5yrs

zumbro

HI, I'm a FTB and plan to avail a mortgage, massive amount of 225K along with my partner. HSBC offered 5.99% fixed for 2 years or 6.29 fixed for 5 years. Both options with 10% deposit. Is it worth it ?.. or are there much better deals around? Would appreciate any advice from experts out here.. thanks in adv

tek-monkey

With 10% deposit I think this is about as good as you'll get.

DJ1UK

90% LTV RBS/Natwest do a 5 year fixed at 5.99% with no fees.

homehunter

I was about to say, Natwest do a slightly better deal, as mentioned above. Sure you can't save longer or go for something cheaper so you have a bigger deposit? I only say that because taking out just an 80% 5 yr fix is setting us back £762 a month on a £131,500 mortgage - comfortable for us but can't imagine paying much more than that....

I appreciate I do not know your circumstances tho, so I wish you the best of luck