100% mortgae rates

Lloyd_3

I am trying to find a comparism chart on the web for 100% mortgage rates. I have searched around but can only come up with sites that require me to enter all my info including phone numbers which I don't want to do.

I am dealing with an FI who comes recommended and I am happy with the advice we are getting. He has given us a quote for a mortgage which sounds reasonable but before going ahead I would like to check some other rates that may be out there.
We have a quote for a 100% mortgage with RBS and the rate for the first 2 years is 5.39% rising to 6.59% thereafter. We are saving so we can move to a 90% mortgage and, hopefully, a better rate after 2 years so the hike doesn't worry us too much.

Any advice appreciated.

L

herbiesjp

YOu could always ask your FI to show your the mortgage research and what other lenders have to offer

Ian_W

Don't know any comparison charts but there is a Best Buy List on moneyfacts at:
https://www.moneyfacts.co.uk/mortgages/bestbuys/100.aspx

Some of these have lower rates than your advisor has found but you may not fit the criteria in some way or they may tie you in beyond the initial discount/fixed period. Actually 5.39% seems a good rate for 100% given these have a greater risk for the lender. If the rate is fixed for the initial 2 years, there are no overhanging penalties and the fees are reasonable as a non broker it looks pretty much up there with the best you'll get.

Lloyd_3

Thanks for the replies

I'm sure the FI has looked at a lot of different offers but I just want to satisfy myself that I haven't just gone for the first offer, so to speak.

The RBS loan is NOT fixed over the first 2 years and has a penalty clause in that period if we wanted to dip out. After the 2 years we are free to move.

To be honest, I thought the rate sounded pretty good, myself and as we will be shifting after 2 years the higher rate shouldn't apply.

L