Switching Mortgage - Monthly Timing

getmore4less

Sierra_Hotel_1 wrote: »

Now I could start insisting on longer deals, but invariably he advises against them for x y and z. Him being the 'expert' and me indubitably not, I'm not inclined to argue against him.

what were the xyz for this deal.

what is the deal

rate, follow on rate, mortgage and LTV, fees, exit fee.

what was your last deal.

any have follow on rates of base <= 2% that you gave up.

Sierra_Hotel_1

getmore4less wrote: »

what were the xyz for this deal.

what is the deal

rate, follow on rate, mortgage and LTV, fees, exit fee.

what was your last deal.

any have follow on rates of base <= 2% that you gave up.

Well, aye there's a lot to consider. The headlines are that I'm saving £35 a month on my previous deal, and it is now fixed rather than the variable I had before (the former also tend to be more expensive), the fixed element seeming a good idea with interest rates only going in one direction from here, and the arrangement fee was £90, which in this day and age seems a steal.

I could've researched the rest of it, either at the time or now, but that kind of negates the purpose of having a broker doing a lot of legwork for you.