We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Advice on the cheapest product for me?

Options
DH is buying for 130,000 and can put down a 20% deposit. DH earns £39,000 so no problem about the amount. We are likely to keep the house for less than 2 years so would like no penaltys after 2 years and low arrangement fees.

Can anyone tell me whether the Coventry Building Societys deal of 5.74% Flexx fixed rate until 31.03.12 with no redemption penalties is the best product out there?

Our mortgage advisor didn't recomend it to us (found it on the internet) but then she is countrywide which are not whole of market?

Thanks for any help you can offer :beer:

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    It's difficult to say as your scenario is open to many interpretations.

    If you want cheaper rates, with no extended tie-ins after the 2 years, there are plenty of cheaper deals, fixed or variable with high and low fees.

    If however you want fixed or variable schemes, with no penalties at any time, then againn you have numerous options avilable.


    If you are specifically looking for FIXED rates with no penalties at any time, then these are limited

    I think maybe if you could be more specific it may help to narrow things down for you
    I am a Mortgage Adviser
    You 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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.