What is a good mortgage these days

Kuztardd

deleted thread

herbiesjp

So property value is £230k
Mortgage needed £150k

You will have pretty much the pick of the market (assuming no other major debts in the background


Well you can get some stepped fixed rates starting from as low as 1.99% with various fee scenarios - be aware that these schemes will offer the first year at the low headline rate and then tie you in to a higher fixed rate for a further 4 years. Same appies to some stepped discounted rates whcih start around the 4.49% range.

Otherwise deal for you, without any stepped rates, can start from 4.44%. However, as with recent trends, the lower the initial rate, the higher the arrangement fees that can apply. So you would need to compare one of these deals, with a another deal that offered a higher rate but lower fee, to make sure you were opting for the most cost effective for you

Were you looking to fix, or look for some kind of variable deal?

herbiesjp

Just a rough idea for you

4.59% with £3750 arrangement fee
4.95% £999 arrangement fee
5.19% £499 arrangement fee


So you can see these fixed rates start pretty low, but they hit you with high arrangement fees

HTH