cheapest 5 year fix with portability

hugonellie

wondering if anyone can beat my brokers 5 year fix rate from northern rock. it was a fee free (90 completion/admin charge) rate of 3.99%. i owe 68,500 on a 100k property, so over the 30% threshold.

was looking to pay it off over 11 years and i think he said the payment was about £640 a month. i have a great credit history, and earn a base salary of £27.5k a year

im just a little bit cynical of brokers, even though he was recommended

edit: i dont mind paying a small fee, but 1k fees are out seen as though im only wanting to borrow a small amount - unless it works out cheaper that is!

asandwhen

hugonellie wrote: »

wondering if anyone can beat my brokers 5 year fix rate from northern rock. it was a fee free (90 completion/admin charge) rate of 3.99%. i owe 68,500 on a 100k property, so over the 30% threshold.

was looking to pay it off over 11 years and i think he said the payment was about £640 a month. i have a great credit history, and earn a base salary of £27.5k a year

im just a little bit cynical of brokers, even though he was recommended

edit: i dont mind paying a small fee, but 1k fees are out seen as though im only wanting to borrow a small amount - unless it works out cheaper that is!

Britannia is 3.59% fee free with an LTV of 75% or under. (Repayments will be £629 per month)

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

You can get that down to 3.39% fee free if you take out a co-op current account. (Repayments will be £622 per month)

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

The 3.59 saves you almost £800 over the 5 years (Compared to the 3.99)
The 3.39 saves you almost £1200 over the 5 years

http://www.moneysavingexpert.com/mortgages/compare-mortgage-rates#result