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Mortgage offer
bikeman17
Posts: 234 Forumite
I got an offer from a bank for a borrowing of:
£175k
3.49%
5 year fixed
Interest only
Ltv 50%.
Are there any banks out there than can beat this offer?
£175k
3.49%
5 year fixed
Interest only
Ltv 50%.
Are there any banks out there than can beat this offer?
0
Comments
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The rate can be beaten, but establishing if it is available on interest-only will be very time consuming.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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kingstreet wrote: »The rate can be beaten, but establishing if it is available on interest-only will be very time consuming.
:beer:
Care to shed some light....0 -
Someone will have to look at all the rates that are better, then establish if those lenders still offer interest-only?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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I got an offer from a bank for a borrowing of:
£175k
3.49%
5 year fixed
Interest only
Ltv 50%.
Are there any banks out there than can beat this offer?
First Direct, hsbc, post office all at 2.89%. The nottingham at 2.99%
some other places have lower fees with rates around 3.09%.
look on the govt money advice service.0 -
They all offer interest-only, or they are simply better rates?First Direct, hsbc, post office all at 2.89%. The nottingham at 2.99%
some other places have lower fees with rates around 3.09%.
look on the govt money advice service.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
https://forums.moneysavingexpert.com/discussion/4393693=
...... and right to buy ?
An 'offer' in 7 days ?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Senior_Paper_Monitor wrote: »https://forums.moneysavingexpert.com/discussion/4393693=
...... and right to buy ?
An 'offer' in 7 days ?
Yes RTB - I spoke to many banks and they have said they do mortgage for rtb and they will class it as a new residential FTB purchase. That is of course your are ftb which they have said we are.
hope this suffice.0 -
- the 'and right to buy' question was to the FD, HSBC, PO list (none of whom do RTB), as you had asked for comparative products with a fairly major piece of information (in fact several pieces if you read the other threead)
According to our database there are curently 27 RTB lenders.
I still find an 'offer' for an IO RTB in a week hard to believe (and we process half a dozen enquiries and one or two applications for RTB a week) particularly with the issues surrounding yours.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
From NWIS online criteria;-
Just noticed SC has already covered this in the other thread.Interest Only
With effect from Sunday 2nd December all new residential mortgages must be submitted on a capital and interest basis.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Senior_Paper_Monitor wrote: »- the 'and right to buy' question was to the FD, HSBC, PO list (none of whom do RTB), as you had asked for comparative products with a fairly major piece of information (in fact several pieces if you read the other threead)
According to our database there are curently 27 RTB lenders.
I still find an 'offer' for an IO RTB in a week hard to believe (and we process half a dozen enquiries and one or two applications for RTB a week) particularly with the issues surrounding yours.
When I meant offer I meant its conditional upon application being accepted otherwise I would not be here asking for help.
Just in the market looking for the best deal possible.0
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