With or without fee - term ends

moneysaverz83

Hello



My 2nd two year fixed repayment mortgage with nationwide ends. 2017 to 2019 was 1. 89‰ paying 339pcm, £250 cashback, no fee.



They are now offering 1.99% 2yr fixed, no fee, £100 cashback, paying £343 even though ltv is now 65% (71,500 borrowing)



Bit annoying, but rates are rates.



A quick look on a comparison site shows Yorkshire building society as the best at 1.47% 2yr fixed paying 330pcm, but 1495 product fee which can be added to the mortgage and a 175 valuation fee.



Am I right in that nationwide wins here, and are generally the most competitive providers now?



Also nationwide previously used rpi, but now use a different system. They valued it at just over 109, but I said it's more like 119. They said it still wouldn't reach the 60% ltv bracket so the rate wouldn't change. Zoopla valuation currently 117. Purchase price 88.

getmore4less

on £71,500 the max you can save with a lower rates over 2 years

1.99% £0
1.47% £744

moneysaverz83

Does that include the application fee added on and valuation fee paid up front?

getmore4less

moneysaverz83 wrote: »

Does that include the application fee added on and valuation fee paid up front?

That is the max you can save just on the debt and rate before factoring in cashback and fees.

£744 won't cover £1,500 fees

Thrugelmir

moneysaverz83 wrote: »

Does that include the application fee added on and valuation fee paid up front?

Don't forget the existing mortgage exit fee and legal fees if you remortgage to another lender.

moneysaverz83

Exit and legal fee when the deal ends??

somethingcorporate

No, when you move lender.