YBS Fixed 3.59 good deal?

dimbo61

The rates are for existing customers with no fees !!
And YES a new customer might well get a better deal ( Go figure because I cant )

Morgage_Confused

wow...so an existing customer cant get the deals that i can potentially get as a new customer?

4.19 to 3.39 is quite a big difference(although of course existing customers have no fee as you mention)

so can an existing customer apply as a new customer if they go through all the affordability checks e.t.c.?

System

As a YBS existing customer, they will only offer you 'existing customer products' which of course arent as good as those for new customers.

Try Chelsea Building Society (part of the same group as YBS), they offer some excellent rates.

Im about to remortgage myself with YBS (as a new customer). Did look at Chelsea, but I dont have 70% LTV. Really liked the idea of the 7 year fix at 3.69%. They also do a 2 year tracker at BR+1.79%, both for only a £195 fee and £500 cashback.

rich11

payvpac wrote: »

As a YBS existing customer, they will only offer you 'existing customer products' which of course arent as good as those for new customers.

Try Chelsea Building Society (part of the same group as YBS), they offer some excellent rates.

Im about to remortgage myself with YBS (as a new customer). Did look at Chelsea, but I dont have 70% LTV. Really liked the idea of the 7 year fix at 3.69%. They also do a 2 year tracker at BR+1.79%, both for only a £195 fee and £500 cashback.

We are coming to the end of a 5 year fix rate with the Chelsea at 6.74% we dont qualify for their new deals so will have to go to the YBS who are actually the same bank

Crackers

Airframe

I am also looking at the Chelsea 7 year fix at 3.69% (30% LTV), but legal & valuation fees work out iro £1K.

My Nationwide deal is ending this month and their 5 year fixed rates have today been reduced to 3.59% (+£999) or 3.79% (No Fee). Using the MSE calculator, the No Fee option works out £200 cheaper for me over the 5 year period.

pjala

First Direct life time tracker currently 2.59% or 2.89% with zero fee. These trackers don't cost you to move out at any time, and are pretty much the lowest on the market. If you think interest rates are going nowhere for the time being, they are pretty cheap

dimbo61

Product fee £195 valuation from £235 ( £100K property ) to £2505 ( £4.5 million property)
Not sure of the legals but there is also £500 cashback so hopefully total cost £500/700 which is only £80/100 a year over 7 years
Very tempeted by this deal but want to finish mortgage in 7 years !!!!

Amy56

rich11 wrote: »

We are coming to the end of a 5 year fix rate with the Chelsea at 6.74% we dont qualify for their new deals so will have to go to the YBS who are actually the same bank

Crackers

Hi Rich (actually called you Crackers first of all as misread your post!!!), sorry to be nosey, but can I ask why you don't qualify for the new Chelsea deals?

The reason I ask, is because we are also coming to the end of a fixed rate with Chelsea, and was hoping (if its still available!) to go onto the 7 year fixed rate of 3.69%. Is this not going to be possible, seeing as I am also an existing customer?

Thanks for any info:)

System

Amy56 wrote: »

Hi Rich (actually called you Crackers first of all as misread your post!!!), sorry to be nosey, but can I ask why you don't qualify for the new Chelsea deals?

The reason I ask, is because we are also coming to the end of a fixed rate with Chelsea, and was hoping (if its still available!) to go onto the 7 year fixed rate of 3.69%. Is this not going to be possible, seeing as I am also an existing customer?

Thanks for any info:)

Unfortunately you wont be eligible as you are an existing customer, therefore you will only be able to get existing customer products, which are less favourable (5 yr fix at 4.19%). Try the Yorkshire, you can get a decent 5 year fix for 3.49% ('fee-assistance' product). Only 495 fee with free legals/valuation.