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Mortgage help
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KyleFZ6
Posts: 9 Forumite
Hi All I'm looking for some advice.
I currently have a house with a mortgage with Loughborough Building Society and have agreed a purchase on a new property and the sale of mine. The process has been delayed alot and we're looking to complete at the end of August/early Spetember now after initially being told end of June.
The house in buying is valued at 180,000 and the rate ive been offered from Loughborough is 1.89% with 2 year fixed with 80% LTV.
The end of August is the end of my term and I was initially going to speak to a mortgage broker so I know I'm getting the best deal but this may now not be possible as my buyers are getting impatient and staying with Loughborough means I can move out into my girlfriends before I have purchased and avoid the £4500 early repayment charge.
If I was to stick with Loughborough for my new mortgage would a broker be able to beat this by a lot or is that quite bottom end? The best ones that can be found when I use the best buys table on this site are at 1.59%.
I have also already paid a £300 valuation fee to Loughborough.
I just basically trying to work out if I'm going to end up missing out on saving a lot of money by staying with my current lender or speaking to a broker? The "best buys" table on this site says I can get all the deals brokers have access to and I've looked at that?
Many Thanks!
I currently have a house with a mortgage with Loughborough Building Society and have agreed a purchase on a new property and the sale of mine. The process has been delayed alot and we're looking to complete at the end of August/early Spetember now after initially being told end of June.
The house in buying is valued at 180,000 and the rate ive been offered from Loughborough is 1.89% with 2 year fixed with 80% LTV.
The end of August is the end of my term and I was initially going to speak to a mortgage broker so I know I'm getting the best deal but this may now not be possible as my buyers are getting impatient and staying with Loughborough means I can move out into my girlfriends before I have purchased and avoid the £4500 early repayment charge.
If I was to stick with Loughborough for my new mortgage would a broker be able to beat this by a lot or is that quite bottom end? The best ones that can be found when I use the best buys table on this site are at 1.59%.
I have also already paid a £300 valuation fee to Loughborough.
I just basically trying to work out if I'm going to end up missing out on saving a lot of money by staying with my current lender or speaking to a broker? The "best buys" table on this site says I can get all the deals brokers have access to and I've looked at that?
Many Thanks!
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