We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
do you think this is the best fixed rate...
magali
Posts: 136 Forumite
I went to a mortgage broker (free, getting pay by the lender) and we were advise to get a 2 year fixed rate at 4,69% with nationwide.
By the time we found a property and filled up all the papers the rate rised and it will be between 4,75% and 4,78%.
We done the survey (home buyer report) and valuation with Nationwide, I am thinking ,in case they are not the best interest rate for us, starting looking somewhere else but I may gonna have to pay again for survey and valuation ?
The flat cost £136,000 and our mortgage will be of £129,200 and our incomes are £16600 and £17300 can anyone could help...
By the time we found a property and filled up all the papers the rate rised and it will be between 4,75% and 4,78%.
We done the survey (home buyer report) and valuation with Nationwide, I am thinking ,in case they are not the best interest rate for us, starting looking somewhere else but I may gonna have to pay again for survey and valuation ?
The flat cost £136,000 and our mortgage will be of £129,200 and our incomes are £16600 and £17300 can anyone could help...
0
Comments
-
magali wrote:I went to a mortgage broker (free, getting pay by the lender) and we were advise to get a 2 year fixed rate at 4,69% with nationwide.
By the time we found a property and filled up all the papers the rate rised and it will be between 4,75% and 4,78%.
We done the survey (home buyer report) and valuation with Nationwide, I am thinking ,in case they are not the best interest rate for us, starting looking somewhere else but I may gonna have to pay again for survey and valuation ?
The flat cost £136,000 and our mortgage will be of £129,200 and our incomes are £16600K and £17300K can anyone could help...
I think bearing in mind the fact that the affordability model with Nationwide is equating in this case to 3.8 x joint income I would say that you would be hard pressed to get that amount at that rate elsewhere.
It is impossible to say definately though without knowing the full details of your case.
Did your broker show the the results of the original mortgage sourcing, thus leading him/her to the Nationwide?
Andy0 -
The broker done it on her computer and printed us some fews exemples of mortgage rates with Nationwide fixed repayment and fixed interest only.
Many brokers told us that was the best loan we will find because of the maximum mortgage they would allow us: £142000 ,all comfirmed on paper by Nationwide.0 -
magali wrote:I went to a mortgage broker (free, getting pay by the lender) and we were advise to get a 2 year fixed rate at 4,69% with nationwide.
By the time we found a property and filled up all the papers the rate rised and it will be between 4,75% and 4,78%.
We done the survey (home buyer report) and valuation with Nationwide, I am thinking ,in case they are not the best interest rate for us, starting looking somewhere else but I may gonna have to pay again for survey and valuation ?
The flat cost £136,000 and our mortgage will be of £129,200 and our incomes are £16600 and £17300 can anyone could help...
Been with Nationwide for about 6 months and cannot rate them highly enough. The option to pay upto £500 extra each month on overpayments is also a great idea and really helps in reducing the overall interest you pay0 -
Can you tell me, is that for the whole term or just for a fixed time, say 5 years?0
-
dizzyhead wrote:Can you tell me, is that for the whole term or just for a fixed time, say 5 years?
It will be for a fixed period- not the whole term.I am a fee charging WoM Mortgage broker.I now no longer give information and opinion within the Mortgage boards, because a number of posters who, having approached me professionally, agreed my fee-which has been been made very clear at the outset, taken my advice (normally cancelling a [home visit] meeting at short notice) have then approached one of the fee-free brokers on here to arrange the very same deal I have advised.Whilst I totally concur with the ethos of "money saving"- abusing the goodwill of a professional who provides a quality service is taking it too far! :mad:0 -
it is 2 years fixed and after 5,89%0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards