Best rate on the market

lotteblade

What's the best rate on the market for a 15% deposit

I have found with Halifax - 3.29% fixed rate for 2 years.
There after variable rate of currently - 3.99% (this will go up depending rate of % increase)

No fees either

Does anyone else know of any better deals?

We are first time buyers

amnblog

If by 'best rate' you mean the lowest rate, this is not it.

What is important is who will lend to you.

Getting a mortgage is not a beauty contest where you are the judge. First of all you need to establish who wants you as a borrower.

See a mortgage broker and get some proper advice.

kingstreet

The bigger the mortgage, or the longer the fix, the more there is to gain from paying a fee to get a better rate.

Why a two year fix? What is going to change in that time making such a short-term option seem sensible?

Halifax products are rarely market leaders these days and their fix options are limited, hence many people seem to walk out of there with a two year fix.

acbrom

We have recently taken out our first mortgage with a 15% deposit and the deal we decided to go with was a 5 year fix at 3.99% with Leeds Building Society. The fees were approx £350 in total.

This was one of the best deals but we specifically wanted to fix for 5 years for peace-of-mind and on the assumption that interest rates will rise in 2015. I think First Direct also had good rates and low fees.

deejaybee

We did a 5 yr fix at 3.99% with Woolwich ( 15% deposit )

Fee was £999 which was added to mortgage.

Also had to pay for valuation, and one or two other bits & bobs...

We had been knocked back by Santander & Nationwide though, so happy to swallow the charges to access the mortgage.

lotteblade

Ended up with Coventry 5 years fixed, 4.09%

Thanks all

amnblog

I hope you borrowed less than £160,000