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New ING Direct mortgages

Just got a letter through from ING.

They have just launched 2 mortgages.

One flexible/variable rate at 5.14%
One 2 year fixed at 4.95% with free/refunded val and legal fees reverts to their variable 5.14% at end of period. ERC is 1%. Application fee is £495.

see also:
http://www.ingdirect.co.uk/mortgages/home.html

Comments

  • indiegirl_2
    indiegirl_2 Posts: 1,078 Forumite
    Part of the Furniture Photogenic Combo Breaker
    One thing I noticed which may not be suitable for some is that they only offer 90% LTV or lower. I'm looking at 93% LTV so am not eligible in this case :(
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    indiegirl wrote:
    One thing I noticed which may not be suitable for some is that they only offer 90% LTV or lower. I'm looking at 93% LTV so am not eligible in this case :(

    There are plenty of 95% remortgage deals - you need to find one that you will be eligible for.


    Also beware of Higher Lending Charges for schemes over 90% LTV
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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