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Mortgage Best-Buy Calculator Difference
Cage
Posts: 209 Forumite
Yesterday, I searched for life of mortgage fixed rates for my new house (moving home) house cost is £260,000 and I have £60,000 to put down, over 25 years and with an ltv of 77%.
The Coventry cam up cheapest at £769 over the term of the mortgage. Yet today when I search it is £818. I'm slightly confused, nothing at all has changed. Why the difference ?
The Coventry cam up cheapest at £769 over the term of the mortgage. Yet today when I search it is £818. I'm slightly confused, nothing at all has changed. Why the difference ?
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Comments
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A 25 year fix?
Coventry Building Society?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 -
Yes and yes
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I'm an idiot, I calculated it over 27 years originally, and today I did 25 years. Its all good.0
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Is there a rate and a product code for that?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
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Our poster is reading 'Flexx for Term' as 'Fixed for Term' in all likelihood.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 -
That's what I was wondering.Our poster is reading 'Flexx for Term' as 'Fixed for Term' in all likelihood.
I've checked direct and broker products and can't find anything "fixed for the life of the mortgage" and wondered if he was mixing it up with Flexx for life, which, as we know, is variable...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 -
Coventry came up cheapest, how many lenders offer a 25 year fixed term?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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There are none sourcing on Mortgage Brain, direct or brokerI 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
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I'm confused then, because if its Flexx for Term and indeed variable, how can they say this ?
Rate = 1.69 % For Lifetime
Setup Fee = £1007
Monthly Repayment = £769 for 324 months (27 years)0 -
It's a Coventry-set variable rate for the life of the mortgage, it isn't for a set period with a reversion rate.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
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