Best Mortgage Deal On Market?

gurpo

Hello guys, my mortgage is due to run out on the 17th. It is a repayment mortgage with Natwest, they're offering me 5.45% for another two years, fixed. But to broker this deal they want 200 pounds. Is there any way that i can get another mortgage at a lower interest rate and avoid paying the 200. Would be really grateful for your help. thanks

herbiesjp

The "best" deal will depend on what is best for you based on your circumstances.

There are some deals that are cheaper with higher fees and some deals with no fees around the level you are looking at.

Remember that it will cost you something to leave your current lender as well

Have you spoken to a fee free whole of market adviser yet?

gurpo

Thanks for your reply, i've not been able to look at anything at the moment. Would be really grateful if you could point me towards some advisors. Thanks

herbiesjp

gurpo wrote:

Thanks for your reply, i've not been able to look at anything at the moment. Would be really grateful if you could point me towards some advisors. Thanks

Sorry board rules prevent me from posting recommendation on the board.

Can you ask friends or family?

Tom_Saunders

I think he was saying contact him ! doh.

UK007BullDog

Well then the OP needs to contact him via Private Message.

nightrider_1uk_2

Hi

HSBC are doing a 5.17% fixed rate for 5 years. No arrangement fee and they pay for the valuation. Therefore no fees up front. Just signed up.

Tom_Saunders

UK007BullDog wrote:

Well then the OP needs to contact him via Private Message.

Really how clever you are.

Rick62

Yes, Herbiesjp seems a bit desperate for business at the moment!

TEDDYRUKSPIN

As above, being honest, it all depends on the size of your mortgage! I find it no point paying for a booking and arrangement fee for anything below £100k. Just not worth using that one gulp of cash just to save pennies.
I have a friend who used a broker who recommended a very rubbish building society. 2 yrs fixed deal with a massive booking fee and to top it up, a commission fee for his service. Top that total up and the so called mortgage rate, and that does not equal savings!
Don't believe low rates by face value!! They don't all seem to be true! If it is low and your don't have to pay for it and you don't have moving fee for the near future, it MUST be a one of deal. So go for it! Woo hoo!

MortgageMamma

The HSBC deal is very good if you want a 5 year fix at the moment. OP, have you considered IF you want to fix and if so, for how long? Are you on repayment or interest only?

Teddyrukspin. Sounds like your friends broker was one of those "salespeople" who anger me by bringing my profession and everything I work so hard for into disrepute. Only a desperate or plain nasty individual would do that to their client.

For all considering a remortgage of any type, get your broker to sit down and do the maths in front of you to demonstrate the savings you will make, rather than concentrating on the headline rate.