Mortgage advice for a 52 year old.

LULULU1

I guess a bank rate of 3% would give us mortgages rates of 5 or 6 %.

Anyway FD have offered me a 5 year fixed at 3.29% for 5 year on a LTV of 65%. Fees £950 and mortgage available for next 6 months.

Pretty happy all in all.

marathonic

LULULU1 wrote: »

I guess a bank rate of 3% would give us mortgages rates of 5 or 6 %.

Anyway FD have offered me a 5 year fixed at 3.29% for 5 year on a LTV of 65%. Fees £950 and mortgage available for next 6 months.

Pretty happy all in all.

HSBC have the same rate but with £451 less in fees if you open a current account with them.

LULULU1

Would they accept me as isn't First Direct more or less the same company

marathonic

LULULU1 wrote: »

Would they accept me as isn't First Direct more or less the same company

They are, more or less. However, you would need to go through the application and open a HSBC account - they don't accept First Direct accounts for this particular deal.

There is no problem with having multiple current accounts. With a 5-year fixed rate, you could just set up a regular payment of the monthly amount from your First Direct account to your HSBC account and forget about it until 2019.