Best 3 and 5 year fixed rate?

xyz123

Any ideas as to what are the best 3 and 5 year fixed rates are withr 20% deposit?

Saw some rates with building society but they might be for their members only. what does this membership mean? does it just mean opening an current account with them?

thanks

Meeper

"Best" is a relative term and depends on many different variables.

Generally deals that are available to BS members only will require you to have been a customer for at least a certain amount of time, so you can't just open an account to get the mortgage deal.

xyz123

Meeper wrote: »

"Best" is a relative term and depends on many different variables.

understand that but i was asking regarding advertised rates with 20% deposit. Of course this is subject to credit checks and may be some other circumstances (e.g. dependants etc)

Thrugelmir

Yourself, parents or grandparents will need to have had a savings account with them for a period of time, say 3 years.

Building societies have their traditional roots in mutual and community based saving and lending.

Thrugelmir

xyz123 wrote: »

understand that but i was asking regarding advertised rates with 20% deposit. Of course this is subject to credit checks and may be some other circumstances (e.g. dependants etc)

A link to the FSA website. From which you'll be able to get some ideas as to what's available.

http://www.moneymadeclear.org.uk/tables/bespoke/Mortgages

This doesn't include broker direct deals.

Meatballs

We got 4.69% on 3 year on 80% in Dec with Nationwide.

5.10% for a 5 year from our broker I think.

We couldn't get all the best rates as we have moved around a bit and not been in current jobs for a year, but other than that have good credit scores.