We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
BTL Options
simon2513
Posts: 12 Forumite
Hi, have to remortgage my BTL property on 31.12.15, have been offered:
• 2 year fixed = 2.70% - £426 per month over 25 years, £199 arrangement fee which gets added to the mortgage. Free valuation and free legal fees.
• 5 year fixed = 3.39% - £460 per month over 25 years, £199 arrangement fee which gets added to the mortgage. Free valuation and free legal fees.
what are your thought?
• 2 year fixed = 2.70% - £426 per month over 25 years, £199 arrangement fee which gets added to the mortgage. Free valuation and free legal fees.
• 5 year fixed = 3.39% - £460 per month over 25 years, £199 arrangement fee which gets added to the mortgage. Free valuation and free legal fees.
what are your thought?
0
Comments
-
Is that based on 65% Loan to value?0
-
Whats your plan for the property, do you expect to keep it for over 5 years?0
-
Just checked against our online buy to let sourcing site.
Neither rate looks particularly keen.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 -
I wonder if Simon thinks a new deal from his existing lender is a remortgage and what he is in fact comparing are customer retention options?
Being told the mortgage amount would help, too.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Hi, £155k value, £93k mortgage 60% LTV, will be keeping for at least 5 years, would be interested to know of any keener deals0
-
Yes there are SimonI 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 -
are you going to expand?0
-
Brokers are not allowed to give you details over the forum.
If you want to look at the whole BTL market why not employ a " Whole of market mortgage broker " and pay for the service.0 -
lol, what a massive help0
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards