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2yr Fixed Mortgage
HER
Posts: 219 Forumite
Hi my sisters looking for a fixed 2 year mortgage and the best she has found is 5.39%. Is there anyone who can beat that?
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Comments
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Is this for a new purchase or a re-mortgage?I am a Mortgage AdviserYou 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.0
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Impossible to say without more information on her circumstances and the deal itself. She should go and see an IFA and let them do the research for her.0
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Its a new purchase0
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House is for £240,000 and she wants a loan of £228,000. 95%
She has abroker doing some research but want to make sure she has got the best deal.0 -
Anybody have any suggestions on the 5.39%0
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that is quite a good rate - but there are still some that are a little better.
also, she will have to take into account arrangement fees and legal fees/valuation costs.
you have to take all this into account to work out the true cost of any mortgage over the timer period - in this case 2 years.0 -
Would you know which ones are better by anychance or is there something on the forum where you could direct me please.0
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Is it the deal from the Yorkshire here:
http://www.moneyfacts.co.uk/mortgages/bestbuys/fixed_noext.aspx0 -
A mortgage is individual and should be tailored to the applicants circumstances, and fee's and cashbacks should be taken into account as well as rate to establish what is truly best value.
I doubt any mortgage advisers on here would say "here's a cheaper rate" and leave it at that.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.0 -
I would have to agree with MortgageMamma
Don't be lead by the "best rate" as the best rate, as
Mama says may contain high lending fees tie ins high admin fees and so on together with PERHAPS a larger standard variable rate
Your best bet is to visit an independent mortgage broker who will ascertain your own particular circumstances and requirements and base the "solution" on same Everyone is different with different requirementsI 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 advice0
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