We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Fixed rate ending - Can i get better than what Nationwide are offering
85Charlie
Posts: 1 Newbie
Our current fixed rate with Nationwide is coming to an end in January so i am starting to look around for the best options but they honestly confuse me with different rates, fees or no fees etc.
We will want a £100,000 mortgage over 17 years, our property value is around £300,000 (My neighbour sold for £310k same size property - around 6 months ago which is where im basing the figure). Any fees would need to be added to the Mortgage if possible.
Nationwide is offering us a rate of 2.14 with no fees - a fixed rate for 5 years. Now this is better than our current deal, which i think is 3.09%.
Im really looking for a fixed rate for around 5 years because we know we are sticking in this property and i want the security of knowing my payments.
My husband is self employed, and im part time (24hrs) and so sticking with Nationwide seems the less stressful option but i dont want to end up paying massively over the odds to do so.
Am i best to go and find a broker?
We will want a £100,000 mortgage over 17 years, our property value is around £300,000 (My neighbour sold for £310k same size property - around 6 months ago which is where im basing the figure). Any fees would need to be added to the Mortgage if possible.
Nationwide is offering us a rate of 2.14 with no fees - a fixed rate for 5 years. Now this is better than our current deal, which i think is 3.09%.
Im really looking for a fixed rate for around 5 years because we know we are sticking in this property and i want the security of knowing my payments.
My husband is self employed, and im part time (24hrs) and so sticking with Nationwide seems the less stressful option but i dont want to end up paying massively over the odds to do so.
Am i best to go and find a broker?
0
Comments
-
Yes, you are best using a broker. We can't advise you on these boards what you may or may not be eligible for with other lenders, there are to many factors like your credit history, affordability etc. I'm sure using a broker wouldn't add much stress, a good broker will do all the work and handle the application for you.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.0 -
My mortgage fixed rate with Nationwide is ending soon, I've had a look round and can't see much better. So I will likely stay with Nationwide, as you can just switch online, without any hassle.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards