MSE Mortgage Best Buys vs Mortgage lender's websites

spaceboy

Using the MSE Mortgage Best Buys page I found  Leeds BS mortgage at 1.94% but on their website it says the 5 year fixed rate is 2.44%. Also I cannot find how to get a mortgage illustration on their website, only an approval in principle.

Snookie12cat

The only 1.94% I see is 5yr first homes mortgage, £799 fee? Is this what you are after?

spaceboy

No, I'm remortgaging as I'm approaching the end of my current fixed term mortgage. But the MSE page definitely shows a 1.94% one for remortgaging. It's very hard to find the mortgage illustration page for Leeds BS but I found it by googling and it did let me select a 1.94% product. However the repayment amounts dont match the MSE calculator - they're significantly higher!

getmore4less

The MSE calculators and comparisons are not reliable. 
they way they do the calculations can be misleading.

what numbers are you using?

links to the pages you are using.

sumfinkelse

Regards MSE calculators and comparisons not being reliable: wholly agree with getmore4less.

Looking to remortgage for £60k mortgage loan, for 10 years fixed rate on a circa £300,000 house > results favoured Staffordshire Railway Building Society (SRBS) = Initial Rate 2.75% x 120 months. 

Checking SRBS website: no deal viewable, so I called twice to check accuracy of information: informed MSE website is over a week out of date; mortgage deals offered are only discounted from the standard variable rate (SVR) i.e., not fixed. Further informed SRBS receive many calls from people viewing MSE and other websites for advice > causes staff and people calling time and distress.

I emailed MSE but understandably gained reply that with over 10m users, they cannot reply to each query individually.

Question is: how to gain accurate up to date advice?

K_S

@sumfinkelse If I look up my sourcing system today, there will be some out of date products that show up as it's impossible to keep them up to date to the minute, especially for smaller lenders. The MSE comparison probably links to one of the sourcing systems which will have similar issues as mine.

Before making a recommendation, I check the lender's published product guide. It's a bit easier with intermediary products as lenders usually publish a neat version on their websites.

To gain up to date accurate product info you either need to cross check with the lender (or their website) or use a broker who'll do that before recommending a product.

sumfinkelse said:

Regards MSE calculators and comparisons not being reliable: wholly agree with getmore4less.

Looking to remortgage for £60k mortgage loan, for 10 years fixed rate on a circa £300,000 house > results favoured Staffordshire Railway Building Society (SRBS) = Initial Rate 2.75% x 120 months. 

Checking SRBS website: no deal viewable, so I called twice to check accuracy of information: informed MSE website is over a week out of date; mortgage deals offered are only discounted from the standard variable rate (SVR) i.e., not fixed. Further informed SRBS receive many calls from people viewing MSE and other websites for advice > causes staff and people calling time and distress.

I emailed MSE but understandably gained reply that with over 10m users, they cannot reply to each query individually.

Question is: how to gain accurate up to date advice?