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A bit gutted!
dmarks
Posts: 82 Forumite
Booked a 5 year fixed with FD about 2 weeks ago at 3.39% with a £499 Fee. Just looked today and the same mortgage is down to 3.09%. Is too late and I'll just have to take the hit? I always seem to do things just at the wrong time! Rant over..!
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How much are you borrowing and what's the loan to value?
There appear to be offers under 3%, which if you are borrowing enough, would make a higher fee worthwhile over the time and the money you'll save on the rate...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 -
IF unable to find a better deal, ask them if you could possibly take the lower rate without incurring any extra costs?ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270 -
IF unable to find a better deal, ask them if you could possibly take the lower rate without incurring any extra costs?
Can't see them doing that:o
I'm sure they will do it if another fee is paid for the new deal though:cool: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 -
Mortgage is 60k so doesn't make sense to pay a massive fee. Also although not very MSE I decided to stay with FD as I think their customer service is second to none.0
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Co-op is removing the fee on its 2.79% five year fix from Thursday. Worth a look? Not sure about legal fees and valuation fee, you'll have to do the comparison yourself.Mortgage is 60k so doesn't make sense to pay a massive fee. Also although not very MSE I decided to stay with FD as I think their customer service is second to none.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 -
kingstreet wrote: »Co-op is removing the fee on its 2.79% five year fix from Thursday. Worth a look? Not sure about legal fees and valuation fee, you'll have to do the comparison yourself.
Any idea if there's going to be any change to any of the 75% 5 year fixes, Kingstreet?0
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