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Mortgage deal running out........help......
plane_boy2000
Posts: 1,482 Forumite
Just looking for some general advice here
Have a mortgage of 180K IO at 4.99% fixed which will expire end of April. Have already contacted exisiting lender (RBS) to look at what to do, but they were quite unhelpful and told me that it was to early to discuss!! Only thing they would tell me was that if I wanted another fixed rate they would offer me 5.79 for 2 years or 5.89 for 5 years plu an arangement fee - cant quite remember how much I had lost interest by this point.
Anyway, I have a feeling that interest rates may move again in the short term so am looking to agree somthing quite soon and have just seen Stroud and Swindon offering 5.29 fixed for 5 years with 249 reservation fee and 495 completion fee - free valuation and discounted legals,
Does this sound like a reasonable deal? Has anyone delt with them who can comment on service etc? Has anyone seen any other good deals?
Thanks
Have a mortgage of 180K IO at 4.99% fixed which will expire end of April. Have already contacted exisiting lender (RBS) to look at what to do, but they were quite unhelpful and told me that it was to early to discuss!! Only thing they would tell me was that if I wanted another fixed rate they would offer me 5.79 for 2 years or 5.89 for 5 years plu an arangement fee - cant quite remember how much I had lost interest by this point.
Anyway, I have a feeling that interest rates may move again in the short term so am looking to agree somthing quite soon and have just seen Stroud and Swindon offering 5.29 fixed for 5 years with 249 reservation fee and 495 completion fee - free valuation and discounted legals,
Does this sound like a reasonable deal? Has anyone delt with them who can comment on service etc? Has anyone seen any other good deals?
Thanks
0
Comments
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You can probably look at better deals than the RBS deal quoted.
There are lower fixed rates than the Stroud deal with similar fees and similar rates with no fees currently
I would suggest getting an application in quickly as fixed rates are all increasing, and those that haven't increased yet, will do so soon.
HTHI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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