Can anyone offer any advice please?

free_swimmer

Hi everyone

I'd appreciate any advice on the following.

I am currently paying 4.99% (SVR) with my current lender. I have some money that I can put down to reduce my outstanding balance to 78k before I get a new deal.

My house is worth 150k and was valued recently. My earnings are 27k. I have no credit card debts etc but pay the SLC about £100 a month.

HSBC are offering a good lifetime tracker at BBR + 1.69 for a £99fee and no tie-ins or exit fees. I'm not sure how much it would cost me (solicitors, valuation etc) and whether this would be worth exploring?

My current lender has offered me the following...

Fixed - 2 year, 3.99 no fee; 3.49 £499 fee
3 year, 4.24 no fee
4 year, 4.24 no fee
5 year, 4.69 no fee

Tracker - BBR +2.49 for 2 years, £499 fee
BBR +2.79 for 2 years, no fee
BBR +2.79 w/ 3yr tie-in, no fee
BBR +3.29 w/ no tie-ins, £799 fee

Hmmm...any ideas?

Thanks

free_swimmer

Bump!

Anyone?!

Thrugelmir

Slc ? .....

TrickyDicky101

Student Loans Comapny possibly

TrickyDicky101

In my opinion, using any of those mortages (HSBC one excluded) that involves a fee up front is a bad move given the relatively small amount of cash you need to borrow.

FantomX

free_swimmer wrote: »

Hmmm...any ideas?

Hmmm....any ideas about what exactly? Just what is your question?

GMS

free_swimmer wrote: »

Hi everyone

I'd appreciate any advice on the following.

I am currently paying 4.99% (SVR) with my current lender. I have some money that I can put down to reduce my outstanding balance to 78k before I get a new deal.

My house is worth 150k and was valued recently. My earnings are 27k. I have no credit card debts etc but pay the SLC about £100 a month.

HSBC are offering a good lifetime tracker at BBR + 1.69 for a £99fee and no tie-ins or exit fees. I'm not sure how much it would cost me (solicitors, valuation etc) and whether this would be worth exploring?

My current lender has offered me the following...

Fixed - 2 year, 3.99 no fee; 3.49 £499 fee
3 year, 4.24 no fee
4 year, 4.24 no fee
5 year, 4.69 no fee

Tracker - BBR +2.49 for 2 years, £499 fee
BBR +2.79 for 2 years, no fee
BBR +2.79 w/ 3yr tie-in, no fee
BBR +3.29 w/ no tie-ins, £799 fee

Hmmm...any ideas?

Thanks

Whether to fix or gamble on a tracker is a decision only you can make.
Best thing you could do would be to speak to a 'Whole of MArket' broker and see what is available. Impossible to advise without knowing full facts.

FantomX

GMS wrote: »

Whether to fix or gamble on a tracker is a decision only you can make.
Best thing you could do would be to speak to a 'Whole of MArket' broker and see what is available. Impossible to advise without knowing full facts.

Ah...I see what was being asked now! Thanks GMS! And +1 on GMS's advice!