Halifax KFI

anotherginger

I have seen I property I am interested in and obtained a Halifax KFI for the asking price. However looking around a bit more at mortgages, I'm not sure if I'm being particularly money savvy.

My main reason for going to them first is because I already bank with them.

I have a 25% deposit, and their fixed rate for 2 years is 4.09%. I am now thinking I would prefer to fix for 5 years, but I can't seem to get their online calculator to show me anything for a 5 year fix. Any mortgage savvy people know why?

Being a FTB I'm also not sure what to do next. Obviously I know I need to get an offer accepted before proceeding, but what next? I'm keen to get a full survey on top of the valuation - do I need to find my own surveyor for the survey or will they be instructed by the bank?

I'm aware the property needs work done to it, so the survey is more for getting the information for us to arrange a priority of what needs to be done first.

Again, thanks for any help in advance!

opinions4u

Longest direct fix is 4 years at present. See a broker.

http://www.halifax.co.uk/mortgages/first-time-buyers/fixed/?!!!!!But_fix_FTBHP

kingstreet

FRR279 4.79% fixed until 31/08/2017 £999 fee 75% LTV max.

http://www.halifax-intermediaries.co.uk/products/mortgages/default.aspx

There are much better rates out there.

anotherginger

Thanks, I hadn't been to those pages before.

The best alternative I'm seeing is Post Office 5 year fix at 3.59%

kingstreet

Post Office, Yorkshire BS, Co-Op, all tend to be at the better end of the five year fix products at the moment.