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Mortgage fees
Kath11A
Posts: 1 Newbie
Hi,
I am currently trying to get a mortgage for a property however I am struggling as I am only on a one year fixed contract. Halifax have said they will give us a mortgage but the fees seem particularly high. I wondered if anyone could give me advice on this please.
The house we are buying is 280,000 and we are putting down 10%.
They have offered 40 years at 2.34%
The fees are:
Account fee: 295.00
Arrangement fee: 999.00
Valuation fee: 430.00
Leader conveyancer: 161.00
Broker: 99.00
Broker: 199
Any advice would be greatly appreciated
Thank you
I am currently trying to get a mortgage for a property however I am struggling as I am only on a one year fixed contract. Halifax have said they will give us a mortgage but the fees seem particularly high. I wondered if anyone could give me advice on this please.
The house we are buying is 280,000 and we are putting down 10%.
They have offered 40 years at 2.34%
The fees are:
Account fee: 295.00
Arrangement fee: 999.00
Valuation fee: 430.00
Leader conveyancer: 161.00
Broker: 99.00
Broker: 199
Any advice would be greatly appreciated
Thank you
0
Comments
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With only a 10% deposit. You are not going to obtain a low interest rate mortgage with no product fees.0
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I can't see the problem here.
This rate and these fees are not excessive for the market and you are fortunate to offered lending if you have limited contracting history.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 -
Norwich and Peterborough 2 year fix 2.49% Fee free. 90% LTV
Not sure how this matches up with your current offer as you didnt state the fixed term, im guessing 2 or 3 years? slightly higher rate, but smashes the fee costs.
Worth a phone call at least.0
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