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3.19% 5 year deal for 75% ltv? Good deal?
callmechar
Posts: 627 Forumite
Just about to switch deals but trying to work out if this is a good deal or not? 3.19% for 5 yrs, costing £995 fee on a 75% ltv.
Our fixed rate ends soon. Is this a good deal please?
Our fixed rate ends soon. Is this a good deal please?
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Comments
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Have you tried a comparison website?0
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callmechar wrote: »I have had a look but the deals for switching deals are not that great. I am weighing up remortgaging and the hassle in this compared to just switching deals
My point was that a comparison website would tell you whether it was a good deal or not.0 -
I'd take that.0
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I think I saw this one today with my bank. If so, I think there is a fee free one costing £15pcm, so £95 less than the fee and more if you intend to add it to the mortgage and pay interest on it.
That was my take on it, but I am learning as I go and from the great advice on here to familiarise myself more with all of this.
So my broker doesn't want to do this :wall:0 -
callmechar wrote: »Just about to switch deals but trying to work out if this is a good deal or not? 3.19% for 5 yrs, costing £995 fee on a 75% ltv.
Our fixed rate ends soon. Is this a good deal please?
What fee free options are there?
What's your mortgage balance?0 -
Balance £178k. Fee free option is 3.48% for 5 years
Is this a better deal?0 -
Would you switch lender? This is an santander example for existing customers. The new customers probably get a better deal for switching but don't know and really don't want to see (I always end up on a fixed deal at the wrong times..)
Like for like 75% ltv 5yr fixed 2.89 £995 free val 5% ERC or
Fee Free 70% ltv 5yr fixed 3.19 £0 free val 5% ERC0 -
Just had a look (couldn't help it)
The 75%LTV 5yr fixed is the same rate 2.89 £995 etc+ free legals, ERC same + you repay the legals.
or
80 %LTV @ 3.44 otherwise same as above.0 -
Plenty of deals for 5 years fixed with lower rates including one with no product fee.
Engage a mortgage broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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