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Mortgage rate for FTB

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illbeurhuckleberry
illbeurhuckleberry Posts: 168 Forumite
Fourth Anniversary 100 Posts Name Dropper
in House buying, renting & selling
Got my MIP - 2.55% on a mortgage of £178500.
25% deposit. 
Interested to hear how others have got on?

Comments

  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Wouldn't you be better on the mortgage board?
    2024 wins: *must start comping again!*
  • Angela_D_3
    Angela_D_3 Posts: 1,071 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I think you could do better than that ... I got 1.9 from Santander with 10%
  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Please remember rates change all the time. Unless its the same week or month, it's going to be irrelevant.
    2024 wins: *must start comping again!*
  • steampowered
    steampowered Posts: 6,176 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The MSE best buy comparison says that you can get that mortgage on a rate of 1.14%.

    https://www.moneysavingexpert.com/mortgages/best-buys/

    Sounds like you are being ripped off. Don't just go to the bank you have a current account with - there is zero benefit to having your mortgage and current account in the same place. You really should shop around. 
  • MovingForwards
    MovingForwards Posts: 17,149 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Without knowing your circumstances and why you or your broker opted for that lender, then everyone posting their circumstances and why they or their broker opted for their lender, it's just numbers with no substance.

    Mine is 5.57% 
    Mortgage started 2020, aiming to clear 31/12/2029.
  • illbeurhuckleberry
    illbeurhuckleberry Posts: 168 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Yes I would be. Will post there. hazyjo said:
    Wouldn't you be better on the mortgage board?
    hazyjo said:
    Wouldn't you be better on the mortgage board?
    hazyjo said:
    Wouldn't you be better on the mortgage board?
    hazyjo said:
    Wouldn't you be better on the mortgage board?
    Angela_D_3 said:
    I think you could do better than that ... I got 1.9 from Santander with 10%
    Angela_D_3 said:
    I think you could do better than that ... I got 1.9 from Santander with 10%
    My MIP is with sandander! Oops. My broker said this was the best deal with a 15 % deposit not 25 as stated. Angela_D_3 said:
    I think you could do better than that ... I got 1.9 from Santander with 10%
    Angela_D_3 said:
    I think you could do better than that ... I got 1.9 from Santander with 10%
    Angela_D_3 said:
    I think you could do better than that ... I got 1.9 from Santander with 10%
    Angela_D_3 said:
    I think you could do better than that ... I got 1.9 from Santander with 10%

  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    steampowered said:
    The MSE best buy comparison says that you can get that mortgage on a rate of 1.14%.

    https://www.moneysavingexpert.com/mortgages/best-buys/

    Sounds like you are being ripped off. Don't just go to the bank you have a current account with - there is zero benefit to having your mortgage and current account in the same place. You really should shop around. 
    bare in mind that best buy tables are not updated frequently, deals change all the time. It is only a rough guide
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    steampowered said:
    The MSE best buy comparison says that you can get that mortgage on a rate of 1.14%.

    https://www.moneysavingexpert.com/mortgages/best-buys/

    Sounds like you are being ripped off. Don't just go to the bank you have a current account with - there is zero benefit to having your mortgage and current account in the same place. You really should shop around. 
    Unlikely many of those deals are available in the current climate IMO, 30% deposits should sort the housing market out though, plus extra tax on second homes and we are certainly starting to move in the right direction.
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