where do i find a list of lenders/rates etc?

gehngus_2

size of loan 58K
lenth to run 21 years
value of property 200k

6.64% (base rate) with skipton (at least it was 6.6% in febuary.

This is a self build mortguage, but the building was finished last year.

we have contacted skipton for a better (fixed?) rate.

we were offred a 2 year fixed that would save us £25 per month but there is a setup fee of £600

Im sure there is better to be had, and now i belive interest rates are going up again so need to dive in asap to avoid higher rates)

any advice welcome
ty

originally we were at a fixed rate, but for the last year weve been on this base rate.

gehngus_2

we have a mortguage but i think were paying over the odds?

amount currently being borrowed 58K
length to run 21 years
value of property today 200k+

we are on a 6.64% (base rate) with skipton (at least it was 6.6% in febuary.

This is a self build mortguage, but the building was finished last year.

we have contacted skipton for a better (fixed?) rate and were offred a 2 year fixed that would save us £25 per month but there is a setup fee of £600

Im sure there is better to be had, and now i belive interest rates are going up again so need to dive in asap to avoid higher rates)

any advice welcome
ty

originally we were at a fixed rate, but for the last year weve been on this base rate.

wardlaw

The rates, will I think increase by 0.25% in May

There are still a few good fixed rates around from lenders who will offer you both a free valuation, together with free lerals which is worth a considerable amount

Most will charge an administration fee, which is usually a fixed amount ,as opposed to a % of the loan

There are still a few 2 year fixed rates for around the 4.99% mark

Your best mode of action is to contact an Independent mortgage broker, who has access to the whole of the UK market place and does not charge any fees:T:j :T :j :T :j :T :j :T :j :T :j

MarkyMarkD

I don't believe that there are a few 2 year fixes for 4.99% without fees and with remortgaging incentives. In fact, I don't believe that there are any. Who is offering such a mortgage?

Someone with a small mortgage like £58k wants one without fees.

There's a full list of mortgages available on the https://www.fsa.gov.uk website (Comparative Tables) and sites like https://www.charcolonline.co.uk will also do a comparison for you - but both of these sites are poor because they don't give you a comparison of total cost over the 2 year period.

wardlaw

There is indeed a number of lenders offering such a deal together with the incentives I wrote

If there were not, I would not have posted it on the forum.

I am currently processing no fewer than 5 such loans for my clients, with one for 4.89% No big deal It's what I do

None have redemption penalties beyond the scheme closure

Yes there are administration fees but I Mentioned this

Don't contradict, me, I am an expert in my field with the whole of the UK market place I have just proved this, as you say there are no such lenders offering these mortgages (WRONG) suggest you research the market

I charge no fees

MarkyMarkD

If you want to quote someone, you should quote them correctly. I said

I don't believe that there are any without fees.

Most of the sub-5% fixed rates on the market have been withdrawn in the last week.

Somebody borrowing £58k should NOT be buying a product below 5% only because it has fees. It is simply not good advice for them to do so.

If I was wrong, you would have named a product which was below 5% and wasn't poor advice for a £58k loan.

MortgageMamma

wardlaw wrote: »

There is indeed a number of lenders offering such a deal together with the incentives I wrote

If there were not, I would not have posted it on the forum.

I am currently processing no fewer than 5 such loans for my clients, with one for 4.89% No big deal It's what I do

None have redemption penalties beyond the scheme closure

Yes there are administration fees but I Mentioned this

Don't contradict, me, I am an expert in my field with the whole of the UK market place I have just proved this, as you say there are no such lenders offering these mortgages (WRONG) suggest you research the market

I charge no fees

Are you talking about the Alliance and Leicester products for the premier account holders?

HelpWhereIcan

For God's sake people, the correct answer to the OP's question (look at the thread title) is

have a look at https://www.moneyfacts.co.uk and http://www.fsa.gov.uk/tables

followed by

If you are not confident in making the choice yourself, need further advice or want someone to take the hassle away from you get some advice from a whole of market broker.

Ideally use personal reccomendations to pick one or even something like the Yellow pages etc. No harm in speaking to more than one and always make sure to ask the questions Martin suggests in http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1101649966,86816#step2.

Be careful of anyone who approaches you unsolicited and use the services of a face to face adviser unless you are confident enough to deal with someone via post & email.

Hope this helps

Good Luck

toonfish

HWIC hits the nail on the head

MarkyMarkD

HelpWhereIcan wrote: »

For God's sake people, the correct answer to the OP's question (look at the thread title) is

have a look at https://www.moneyfacts.co.uk and http://www.fsa.gov.uk/tables

followed by

If you are not confident in making the choice yourself, need further advice or want someone to take the hassle away from you get some advice from a whole of market broker.

Ideally use personal reccomendations to pick one or even something like the Yellow pages etc. No harm in speaking to more than one and always make sure to ask the questions Martin suggests in http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1101649966,86816#step2.

Be careful of anyone who approaches you unsolicited and use the services of a face to face adviser unless you are confident enough to deal with someone via post & email.

Hope this helps

Good Luck

I've already referred to the FSA's tables. IMHO the Moneyfacts ones are not very good.

But thanks anyway for your very clear post.

MarkyMarkD

MortgageMamma wrote: »

Are you talking about the Alliance and Leicester products for the premier account holders?

If wardlaw was referring to them, that would be pretty stupid as all A&L's fixed rates were withdrawn last week as was reported in all the newspapers to the public, let alone to expert mortgage advisers like him.

Good suggestion, though, MM.