Best Fixed rate

cheggers

Considering a 2 year Fixed when I re-motgage.

Looking at Nationwide 5.73% with a £499 aplication fee, think it may include free legal bills.

Was considering a few fixed rates that were a slightly better rate, but the application fee was £999 and in some cases even more, which I really could not find this kind of money.

Is the Nationwide 2 year fixed at 5.73 decent? Anyone got experience of a remortgage with them, what other costs am I going to have to pay?

Should I really be considered a 5 year fixed, or should a 2 be the one to go with?

IHateDida

I am now about to apply for a Britannia one - 5.64% 10 year fixed with £499 fee. Look at their website.

Even after I repay Halifax's early redemption charge (due to being with a fixed rate with them) of £1573, still works out that I save 1000's over the term of the mortgage!

KTF

Are you looking into this yourself or using a broker? If you havent seen a broker then I would recommend you see one as everyones 'best' is different and the lowest rate may not be the cheapest. Speak to a broker and they will be able to show you the options available.

To answer your other question, I moved to Nationwide a few years ago and only paid the product fee. Nationwide paid for all other fees.

suniil

I've just got a formal approval from abbey with 5.34% fixed for 2 years. £999 upfront fees, but they will pay valuation fees and i get £250 back to my account when i move in. Got 6x of my annual salary & 88% of total value of property

HTH

grade15

heads up cheggers! its 5.78% now..

pollyanna24

"Even after I repay Halifax's early redemption charge (due to being with a fixed rate with them) of £1573, still works out that I save 1000's over the term of the mortgage!"

Why are you paying an early redemption charge? Are you getting out of a fixed rate early in order to avoid paying a higher amount if interest rates keep going up? Or am I barking up the wrong tree?

cheggers

IHateDida wrote: »

I am now about to apply for a Britannia one - 5.64% 10 year fixed with £499 fee. Look at their website.

Even after I repay Halifax's early redemption charge (due to being with a fixed rate with them) of £1573, still works out that I save 1000's over the term of the mortgage!

Might now have a look at Britania 5 year fixed at 5.64, with £399 fees and free survey

IHateDida

pollyanna24 wrote: »

"Even after I repay Halifax's early redemption charge (due to being with a fixed rate with them) of £1573, still works out that I save 1000's over the term of the mortgage!"

Why are you paying an early redemption charge? Are you getting out of a fixed rate early in order to avoid paying a higher amount if interest rates keep going up? Or am I barking up the wrong tree?

Hi, yes I am paying to get out of a fixed deal which I took out 2.5 years ago (5 years fixed) with a rate of 5.89%. Works out cheaper to do this than stick with the Halifax as their 10 year fixed rate (as I am looking to get a larger mortgage to buy a bigger house) is now 6.29%!!!! :eek:

FirstTimer4Me

Hi

My Nat West is up for renewal end of June.

Just got a new rate from Nat West: 2 yr fixed @ 5.65 - with £499 fees.

Anyone know if this rate can be beaten?

wardlaw

Halifax do a 2 year 4.99% Fixed rate But only through a Intermed's

Best source a Mortgage Broker who does not charge fee

John

MortgageMamma

Guys and girlies

Please bear in mind that you cannot choose a mortgage based on the headline rate alone. Things like how the lender calculates your affordability, extended tie ins, portability, flexibility and property type and loan to value all have a significant impact on the availability of a product to you,

Also bear in mind that mortgages are rate sensitive according to the amount of mortgage, therefore a mortgage of 60k for example would be more suited to a higher upfront rate and lower/no fee's and a higher mortgage, for example 180K+ may be more suited to a lower headline rate and higher upfront fees.

You will not get these sort of comparisons on an internet comparison site. The best way to be assured of the most cost effective mortgage for your circumstances is to use a WHOLE OF MARKET broker.