Struggling to find mortgage deals

Markee

Hi All,

My current tracker deal ends this month and my interest charge jumps from 1.67% to 4.99 (SVR), and the best they can offer is 0.4% discount from SVR.

My outstanding loan is around £139k at a property value of £157k (my current provider has said they will retain valuation at purchase).

Now, the loan to value on this is 88% which seems to be a "don't touch him with a barge pole" situation with most providers at the moment as I am being offered rates of between 5.29% and 6.99% - which means they obviously don't want me to move to them!

Does anyone know of any providers who are offering reasonable rates, taking into account Bank of England base rate is currently 0.5%? Or should I sit tight where I am?

Any advice very much appreciated.

opinions4u

Markee wrote: »

Does anyone know of any providers who are offering reasonable rates, taking into account Bank of England base rate is currently 0.5%?

No lender raises their funds at BofE base rate, so the answer is no.

Markee

Okay, maybe I should re-phrase the question.

Does anyone know of any providers that are offering deals that will better my current providers SVR of 4.99% within my LTV?

MB1919

Stick with your current lender, get your LTV down below 85% (or below if you can manage it!) and then have a look around for a re-mortgage deal.