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Mortgage Best-Buy Calculator Difference
Comments
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It looks the issue has been found.
We (brokers) have sourcing systems we pay for, but even they can have errors which is why we check with the lenders websites. If the error is on the lenders site, you can argue that they should honour it. If it is on a third party site (such as MSE), you have no chance.
So it is always worth just double checking the lenders websites. But I do not think there are many (if any) 25 year fixed rates. I know of one lender but the rate is around 6%. I have just done some research on 10 year fixed rates and there were only 4-5 lenders.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 -
If it has to be 5-10 year fixed, then I think I dont have much of a choice. I assume that after the fixed rate period, I can jump onto another fixed rate term without penalty and possibly get a similar rate, or ?0
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Of course, you are only financally tied in for the fixed period. You can still leave before then but the fees may make your eyes water.
There are plenty of 5 year fixes. It is just once you get beyond that your options start to reduce.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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