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FTB Mortgage Rate
sarah539_2
Posts: 35 Forumite
Hi,
We have an AIP with Halifax through an intermediary and we just received our mortgage illustrations before putting in the full application and it states 3 years at 3.11%? This seems quite high does it not?
FTB so a little clueless, just feel its quite high.
Thanks
We have an AIP with Halifax through an intermediary and we just received our mortgage illustrations before putting in the full application and it states 3 years at 3.11%? This seems quite high does it not?
FTB so a little clueless, just feel its quite high.
Thanks
0
Comments
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I’m not a broker but i think at the moment a lot of lenders have increased their rates. For example, when i applied 28/08 Nationwide were offering 90% at 2.79% its now over 3%.
It also depends on what deposit you have as the 85-90% LTV have higher rates naturally.
FTB- 90% LTV
Nationwide Application
DIP - 27/08
Full Application - 28/08
Valuation Booked - 01/09
Hard Search - 07/09
Valuation Completed - 09/09
Valuation Reviewed & Accepted - 28/09
Mortgage Offer Received - 29/090 -
I should add that we have the 15% deposit.
Thanks for the reply Wales2020. I am just considering whether we should just apply ourselves as we really didn't want a 3 year fixed either.
This just all throws a spanner in the works.0 -
Maybe a broker will add to this as they have more access to lenders but from my (very limited) experience this seems about the going rate at the moment with the situation as it is in terms of average rates.FTB- 90% LTV
Nationwide Application
DIP - 27/08
Full Application - 28/08
Valuation Booked - 01/09
Hard Search - 07/09
Valuation Completed - 09/09
Valuation Reviewed & Accepted - 28/09
Mortgage Offer Received - 29/090 -
I think we have just applied for the exact same mortgage - 3.11% fixed for 3 years, 15% deposit. The rates have gone up several times since we got our AIP in August
1 -
Yes that's the one karenb51 :'(0
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