Best 5 year fixed?

danhandy

Hello J
I’m looking for the best 5 year fixed mortgage available, here are my requirements.
Lone amount 100k, Deposit 60k, purchase price 160k, first house.
Best I have found so far is with Barnsley BS.
Minimum deposit: 25%
Interest rate: 3.59% until 28 February 2017 (5 year fixed)
Product fee: £295
Valuation fee: £300
Cash back: £500.
Does anyone know of anything better? Any help would be much appreciated
Thanks,
Dan J

asandwhen

http://www.britannia.co.uk/_site/channels/mortgage/products/5yr-fixed.html

Britannia do a 5yr fix fee free at 3.59 - also if you take out a new current account with them you can get a fee free one for 3.39 (£999 fee if you dont take out the account)

danhandy

This looks good....

http://www.postoffice.co.uk/finance/mortgages/mortgages-msm

asandwhen

The only thing that bothers me about Post Office is the follow on rate (3.99 above BOE). Its not too bad now but in 5 years time if BOE rates are back to normal you could be looking at 9%

SG27

Chelsea do one at 3.19% I think.

Peelerfart

SG27 wrote: »

Chelsea do one at 3.19% I think.

Which is here
http://www.thisismoney.co.uk/money/mortgageshome/article-2094328/Chelsea-BS-record-low-year-fixed-mortgage-deal-3-19.html

Hefty fee of £1.5K though

advice_please_2

my current 5 year fix comes to an end in May, so also interested

currently with nationwide 25 yr, 100£k, £616/month
need to check amount left with 20 yr

property.advert

Peelerfart wrote: »

Which is here
http://www.thisismoney.co.uk/money/mortgageshome/article-2094328/Chelsea-BS-record-low-year-fixed-mortgage-deal-3-19.html

Hefty fee of £1.5K though

Does work out better with larger loans I agree.

On 100k, it is £300 per year, which is 0.3% making the effective rate 3.49%.

Of course you have to do the same with the fees from the other providers as well but it may still come out favourably.

firesidemaid

advice_please wrote: »

my current 5 year fix comes to an end in May, so also interested

currently with nationwide 25 yr, 100£k, £616/month
need to check amount left with 20 yr

what has n/w offered you for after? what is their standard variable rate?

do you want another 5 year fix?

you can usually book any rate up to 6 months in advance, so that the switchover can be done the day/after (in theory) that your old deal ends.

biggest question is - what is your loan to value?

advice_please_2

firesidemaid wrote: »

what has n/w offered you for after? what is their standard variable rate?

do you want another 5 year fix?

you can usually book any rate up to 6 months in advance, so that the switchover can be done the day/after (in theory) that your old deal ends.

biggest question is - what is your loan to value?

I'll find out the others. But ltv £240k value £100k mortgage