Accord "tracker to fixed" - views?

dimbo61

adverts not allowed Meeper as you know
Never seen one for L&C or any other company if I do I will report as SPAM
This is a free forum and only views not advice given

Meeper

How naive. The mortgages homepage:

The guide is sponsored by fees-free mortgage broker London & Country, but don't worry, it's had nothing to do with the content.

So, why put this on there at all? If it had nothing to do with the content (right!!) then it has been included on this site simply to get its name here. Brand awareness is advertising.

Having said that, L&C isn't stupid. We've been independently listing it as one of the top brokers for the last five years so it had a pretty good idea it wouldn't come out too badly.

So, L&C are happy for its name to be used in this way (for advertising), because this site lists it as one of the top brokers. What a surprise.

The reason it sponsors the guide is it gets a one time chance to include its own letter promoting its service when it mails out the guide.

But this isn't advertising or the site promoting them at all......

And just to assure you, you won't be sent any follow-up advertising, marketing or any of that malarkey.

No follow-up stuff, but there is definitely an initial marketing push and advertisement.

In the trade this is known as a payment for ‘lead generation'

So this site is a lead-generator for L&C. Thanks for clarifying.

and in this case that means L&C pays for the publishing, printing, posting and a small fee to help this site.

L&C pays for the printing and distribution of its advertisement! Gosh. And then they pay a "small" fee to the site in order to continue to benefit from its lead generation.

So, please try to tell me again with a straight face that this site does not promote L&C or that L&C do not advertise on here.

Abatement

Thanks for all advice so far.

I'm not sure i've got the comparison right between the YBS and the Accord mortgages. If I put it into the mortgage comparison calculator on this website, am I right in thinking that I need to compare both the total amount paid over the two year AND the capital remaining at the end of two years? i.e if one option means £500 more paid over the two years, but it also means £500 less capital left at the end of the two years, that balances out overall?

dimbo61

Sorry Meeper I have never noticed that before but this is such a huge website.
every time I use one of the comparsion website I get a phone call within a few minutes asking if i want to take out the insurance with XXX or YYY so I no longer use that site.
But if L&C are following up people downloading the mortgage guide what can we do about it ?

Meeper

We can't do anything about it. But it's simply untrue to state that this site doesn't promote or advertise anyone, so that was your statement that I was correcting.

Abatement

Abatement wrote: »

Thanks for all advice so far.

I'm not sure i've got the comparison right between the YBS and the Accord mortgages. If I put it into the mortgage comparison calculator on this website, am I right in thinking that I need to compare both the total amount paid over the two year AND the capital remaining at the end of two years? i.e if one option means £500 more paid over the two years, but it also means £500 less capital left at the end of the two years, that balances out overall?

Can anyone help with this? (Thread seems to have been hijacked by a debate about the advertising of L&C!)

Meeper

The answer is....."yes"........but..

If there is a fee of £995 added with one deal and a fee of £1995 added with another, you will be paying interest on the fees for the whole of the remaining mortgage term, which is also a potential factor to consider.

dimbo61

You also need to check what the follow on rate is with both lenders ?
I am with YBS and there current SVR is 4.99%

Chin

We did tracker to fixed ourselves with YBS.

Great product - best of both worlds but overpay now whilst the rate is low.

If you have a clean credit history you can do this yourself with YBS direct no problem.

Abatement

dimbo61 wrote: »

You also need to check what the follow on rate is with both lenders ?
I am with YBS and there current SVR is 4.99%

The follow on rate is quite a bit higher with Accord (1% higher I think), although I was banking on the fact that I would be able to remortgage after 5 years to a different deal. Is that foolish?