remortage

jeremy2012

Greetings,
I am due to remortage. and went to see broker who offered the following:
Property value: £130 000.00 Amount to be remortage : £72000.00
Option are a two fix rate with Barclays for 1.79% with no fees, and free legal, valuation, etc etc, etc.
I looked on Money Saving expert and the cheapest option with "no fee" is 1.74 with hsbc, but with no free legal....
Just wondering if there is anything else that I could look elsewhere either direct with bank or with others bank / buidling society who do not advertise on these online broker side comparison.
What about offset too?
Thanks,

Thrugelmir

Isn't as straightforward as simply comparing interest rates and/or incentives. If mortgages were like buying a can of baked beans there'd be no need for brokers.

jeremy2012

Thrugelmir Isn't as straightforward as simply comparing interest rates and/or incentives. If mortgages were like buying a can of baked beans there'd be no need for brokers.

Am I to take your thought as to agree with the broker offer?

Thrugelmir

jeremy2012 wrote: »

Am I to take your thought as to agree with the broker offer?

On the 2 products you've quoted yes. With free legals etc you are unlikely to better the offer by much.

Worth comparing the follow on SVR's. As switching lenders becomes progressively more expensive as the mortgage balance falls. At some point you are going to have to stick to one.

Joy_mate

55% LTV.
ITS best option to get 1.79 from Barclays.
There are many out there still.

jeremy2012

Thanks all for your advice, couple of extra clarification

Worth comparing the follow on SVR's

SVR? I check best table and the fee are quite high or the rate seems higher. bearing in mind that these are variable and can change, I guess it is best to stick to a fix rate.

As switching lenders becomes progressively more expensive as the mortgage balance falls. At some point you are going to have to stick to one.

Could you advise more on that please?
Are we saying that once my balance is maybe about 50k, would it be more expensive than today?

Joy_mate 55% LTV.
ITS best option to get 1.79 from Barclays.
There are many out there still.

What do you mean by there are many out there still?

amnblog

The Money Saving Expert website is not giving you advice, it is not qualified, it does not understand your situation, it does not know which Lenders will lend to you.

It simply provides information based on your input of about 10% of the details necessary to obtain a remortgage.