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To Good to be True?
MrsAk_2
Posts: 11 Forumite
I just started to look around with a view to remortgaging and finding a better deal.
I have found a 2 year fixed rate at 2.59%, with a tie in for a further 12 months at a SVR - from what I can see the current SVR they are quoting seems in line with most lenders - does this seems a bit too good to be true????
I have found a 2 year fixed rate at 2.59%, with a tie in for a further 12 months at a SVR - from what I can see the current SVR they are quoting seems in line with most lenders - does this seems a bit too good to be true????
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Comments
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Who is the deal with?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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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Market Harlborough B/S0
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My system is telling me something different
It is a 2 year fixed rate at that level, and then you are tied in for 3 years thereafter.
If you go to the website and look at the Early Repaymant Charges section - they are in force for 5 years, indicating as above.
http://www.mhbs.co.uk/asp/article.asp?sectionid=42&articleid=636#I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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 -
thanks Hebiesjp - in my little world, for I had decided that was just a standard clause, and wouldn't apply for this deal - now that you have pointed it out, its obvious really, lol. back to the drawing board again then0
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