lowest fixed rate?

dr1_2

Anyone know what the lowest 2 year fixed rate is at the moment with a reasonable fee?
cheers

Joe_Millionaire

Would also like to know if people can beat the Abbey 5.34% 2yr deal

KTF

The lowest isnt always the cheapest when you take the fees into account. Speak to a broker and let them search for you.

wardlaw

I have to agree

The best rate is rarely the best option

It depends on mortgage redemption penalties the initial fee and so on

The press often advertise,so called best rates, but in my experience, after the initial fixed rate ,you are tied into the lender's standard variable rate, for a certain period, after te fix rate ends To move can cost you a substantial amount in redemtion penalties

Northern Rock offer some good fixed rates, if you are prepared to pay a large valuation fee and a fee of 2.5%

So the rate can be missleading

John

JoeK_3

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/01/22/cmmort22.xml

JoeK

save-a-lot

Hi

Try this calculator, it will calculate out the costs of remortgaging and how long it takes to break even after the costs of setting up.... remortgage calc

KTF

wardlaw wrote: »

The press often advertise,so called best rates, but in my experience, after the initial fixed rate ,you are tied into the lender's standard variable rate, for a certain period, after te fix rate ends To move can cost you a substantial amount in redemtion penalties

I disagree. I have had 2 fixed rates now and both times at the end of the fixed rate there was no redemption period. I specifically avoid fixes with tie ins after the initial deal has ended and there appears to be no shortage of them available.

wardlaw

KTF

Sorry you are very wrong

wardlaw

KTF you have just contradicted yourself

The lowest isn't always the cheapest when you take the fees into account.
I disagree. I have had 2 fixed rates now and both times at the end of the fixed rate there was no redemption period

I know you can get good rates with no redemption penalties Have one at 5.04% 2 year fixed

What I,said was the best rates are not necessarily the best deals KTI Pay attention lad

C+ G 2 YEAR FIX RATE is 4.89%

Fees on £150,000 mortgage = £3,750.00

Best Rates are not always the best Products

Rest My case

Dan29

wardlaw wrote: »

C+ G 2 YEAR FIX RATE is 4.89%

Fess on £150,000 mortgage = £3,750.00

Best Rates are not always the best Products

Rest My case

The original post specified "with a reasonable fee".

In any case that may well be better value over the two years than a higher rate with a lower fee, depending on the size of the mortgage.

To compare, all you have to do is calculate which will cost the most over the fixed rate period, taking the fees into account.

Also I'd agree with KTF's comments about tie-ins after the fixed rate ends, these do exist but they're easy to avoid, especially if you search for rates online.

wardlaw

:t :t :t :t :t :t :t