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Advice appreciated
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Lotta
Posts: 35 Forumite
I have been offered by my mortgage broker the following deal:
Property Price: 235k
Deposit: 23.5k
Loan: 211.5k
Fixed for 2 years at 5.19%
Bank: Abbey
Arrangement fee: 999
I have only lived in the UK since the 1st of october 2006 so I am regarded as a higher risk. My salary is 46750 and I have worked with the company for 10 years. I bank with Natwest.
Do you think I can get a better deal somewhere else?
Kind Regards
Charlotte
Property Price: 235k
Deposit: 23.5k
Loan: 211.5k
Fixed for 2 years at 5.19%
Bank: Abbey
Arrangement fee: 999
I have only lived in the UK since the 1st of october 2006 so I am regarded as a higher risk. My salary is 46750 and I have worked with the company for 10 years. I bank with Natwest.
Do you think I can get a better deal somewhere else?
Kind Regards
Charlotte
:beer:
0
Comments
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I am not at work at the moment so not fully certain in this but the first thing I note about the deal you have quoted is that the 5.19% 2 yr fixed is £1499 fee not £999. Does your broker have an exclusive on this?
Did your broker show you how he/she arrived at this as being the best deal?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 -
Hi Charlotte
The deal seems fine, but as homer says the fee looks wrong
As long as it meets your other requirements looks ok - there are cheaper deals but with far higher arrangement fees
HTHI 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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