📨 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!

Mortgage choice - advice please!

Hello we are buying our first home and I'm wondering which is the best option that we've been offered.
The house is £120,000 we have a 10% deposit leaving £108,000 to borrow:

Lender__________Type________________Rate __________SMR__________Fee
Lloyds__________Fixed________________6.99___________2.5__________795
Natwest________Variable______________4.69___________4______________0
Nationwide______Fixed________________5.98___________3.99_________396
Nationwide______Variable______________4.63___________3.99_________896

All of the deals are over 2 years, Nationwide offer to pay legal fees.

Thanks for your assistance, David.

Comments

  • VIGILANT22
    VIGILANT22 Posts: 2,516 Forumite
    Suggest you look for a 5yr deal. otherwise it is likely you will have a "payment shock" in 2yrs when ye deal ends.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.