How do you decide whether to pay a fee or not?

IAMIAM

Is it best to stick with cheapest no fee product vs pay a £999 fee for a slightly lower rate?
From always referring to the 'initial term cost' the ones without the fee always come out cheapest, especially if you add the fee on.
OR should I be viewing the balance at the end of the initial term, which is always slightly less with the fee rate than the non fee rate.
So ultimately I am always paying in one way or another the same, either have a lower balance at the end of the initial term or pay less over the initial term? 
There is literally on 200-300 between them.
Thoughts?
£150k over 30 years by the way. 75% LTV.

dimbo61

Use " whatsthecost " to do the maths !
It is not just the mortgage rate, length of fix and mortgage payment but also how much you owe at the end of the 2/3/5/10 year term and how much you have paid out over the fixed period.
Sometimes with a bigger mortgage paying a fee works out cheaper.
Funny enough £150,000 is often the trigger figure 🤔

dimbo61

If you give the mortgage details for the deals you are looking at we can quickly give you ALL the figures.
Hidden Figures Film it's all about the maths 

getmore4less

The gets asked and answered all time .

You would learn quicker if you read more threads.

Add the fees make the payment the same and see how much is left at end of fixed term.

Lowest debt for same cashflow is most likely the best.

Use the planned payment not what comes up for the deals

Most of the comparison tools including MSE get it wrong.

IAMIAM

The gets asked and answered all time .
You would learn quicker if you read more threads.
In the words of most thought leaders - CORRECT YOURSELF BEFORE YOU START CORRECTING OTHERS.

getmore4less

dimbo61 said:

Use " whatsthecost " to do the maths !
It is not just the mortgage rate, length of fix and mortgage payment but also how much you owe at the end of the 2/3/5/10 year term and how much you have paid out over the fixed period.
Sometimes with a bigger mortgage paying a fee works out cheaper.
Funny enough £150,000 is often the trigger figure 🤔

A few examples I have been looking at for queries on here no fee/fee has been under £100k some as low as £50k.

dimbo61

getmore4less I stand corrected !
It's not always easy to work out for the mortgage advisor in the bank/building society to Do the maths 

Thrugelmir

IAMIAM said:

The gets asked and answered all time .
You would learn quicker if you read more threads.
In the words of most thought leaders - CORRECT YOURSELF BEFORE YOU START CORRECTING OTHERS.

Endless unrelated questions ...........

IAMIAM

Thrugelmir and getmore4less are exactly the type of keyboard warriors I cannot bare. 

getmore4less

IAMIAM said:

Thrugelmir and getmore4less are exactly the type of keyboard warriors I cannot bare. 

I also provided the answer to your question.


Do you need a more detailed explanation? 

MFWannabe

IAMIAM said:

Thrugelmir and getmore4less are exactly the type of keyboard warriors I cannot bare. 

Really? 

I’ve seen several posts including one to yourself on another thread that getmore4less has gone into great detail for you with cost comparisons; remember this one?: 
https://forums.moneysavingexpert.com/discussion/6235799/are-you-fixing-for-2-or-5-years#latest

no doubt I’m now on your list of people you cannot bear