Best 85% Mortgages for Remortgage

TrickyDicky

Ive just had a quick look over moneysupermarket at mortgages. Just wanted to see if theres anything out there similar to what Ive found that maybe I should consider.

We have a combined income of £100k
Current Mortgage 210k
House Value 250k (zoopla says 259k, but I doubt we would be valued more than 250)

Current Mortgage HSBC lifetime tracker, 4.09 + BoE. Unlimited overpayment, no ERC.

What Ive found is First Direct 85% LTV 2 year tracker 2.99 + BoE, then reverts to SVR currently 3.69. Unlimited Overpayments, no ERC. Fees = £200 valuation, £200 arrangement.

We like the unlimited overpayments (so far overpaying has knocked a year off our mortgage). Is there anything similar to this first direct deal?

kingstreet

For £210k on £250k, I can see there's really only the YBS deal which gets close and it's still a bit off. The rate's lower at 2.99% but it has higher fees and restricted overpayments.

Can you transfer to a First Direct product if you're already an HSBC borrower? Isn't the charge the same, an HSBC charge?

Let us know what FD say about moving to them, as I'm not sure what the answer is...

TrickyDicky

kingstreet wrote: »

For £210k on £250k, I can see there's really only the YBS deal which gets close and it's still a bit off. The rate's lower at 2.99% but it has higher fees and restricted overpayments.

Can you transfer to a First Direct product if you're already an HSBC borrower? Isn't the charge the same, an HSBC charge?

Let us know what FD say about moving to them, as I'm not sure what the answer is...

Sounds similar to other deals I found on moneysupermarket, had a slightly better rate but large arrangement fees because they were all based on a % of the mortgage, coming out at about £5000.

Having rung FD they said HSBC -> FD is no problem.

kingstreet

TrickyDicky wrote: »

Sounds similar to other deals I found on moneysupermarket, had a slightly better rate but large arrangement fees because they were all based on a % of the mortgage, coming out at about £5000.

Having rung FD they said HSBC -> FD is no problem.

C&G. Yep, saw that. :eek:

Ok. So you actually remortgage, with a change of mortgage deed and solicitor job, or is is just a product transfer, like staying with HSBC?