To track, or fix, that is the question.

proformance

Hi @K_S - Any view into what the updated best rates are?

Despite getting hustled by Trussle with phone calls every 30 minutes yesterday, the rate I described here @ 0.49% has "been pulled by Platform", and apparently, the next best 2-year tracker is a Barclays one @ 1%.

I remember you mentioned you might have come across a 0.6%. Still showing for you? 

simon_or

I'm not a broker but I think the 0.60% tracker is only for people below 60% LTV. So it won't be available for you at 80% LTV.

With all due respect, I think you're going about this the wrong way.

Either research comparison websites and find and apply for what you want or get a good broker (these London Country types don't have the time to have the kind of conversation about pros and cons that you're looking for) and ask them for advice.

As per what my broker told me, all brokers have access to largely the same rates, so Trussle should be able to see all the rates out there. Plus they also said if it's just rates that you want to know about, the comparison websites will give you that.

proformance

simon_or said:

I'm not a broker but I think the 0.60% tracker is only for people below 60% LTV. So it won't be available for you at 80% LTV.

With all due respect, I think you're going about this the wrong way.

Either research comparison websites and find and apply for what you want or get a good broker (these London Country types don't have the time to have the kind of conversation about pros and cons that you're looking for) and ask them for advice.

As per what my broker told me, all brokers have access to largely the same rates, so Trussle should be able to see all the rates out there. Plus they also said if it's just rates that you want to know about, the comparison websites will give you that.

Not sure how I am going about it in the wrong way?
What, if not sourcing the most competitive rate, would be a trait of a "good broker"? How do you know you have found a "good broker" if you don't know what the market looks like?

I also didn't say anything about comparison sites..

housebuyer143

proformance said:

simon_or said:

I'm not a broker but I think the 0.60% tracker is only for people below 60% LTV. So it won't be available for you at 80% LTV.

With all due respect, I think you're going about this the wrong way.

Either research comparison websites and find and apply for what you want or get a good broker (these London Country types don't have the time to have the kind of conversation about pros and cons that you're looking for) and ask them for advice.

As per what my broker told me, all brokers have access to largely the same rates, so Trussle should be able to see all the rates out there. Plus they also said if it's just rates that you want to know about, the comparison websites will give you that.

Not sure how I am going about it in the wrong way?
What, if not sourcing the most competitive rate, would be a trait of a "good broker"? How do you know you have found a "good broker" if you don't know what the market looks like?

I also didn't say anything about comparison sites..

You can look for rate yourself on comparison sites. I recommend money saving expert mortgage comparison.

If you have good credit and you're buying a standard property, that's probably the best way to find the best rate and then you can apply directly.

If you want to use a broker, I would probably Google a broker in your local area check the reviews and give them a call. Check they cover the whole of the market and ask if they charge a fee. There are plenty of free brokers who are very good and will be able to help you. I tend to find these big companies and not particularly good.

simon_or

Sorry, it wasn't my intention to upset you.

A 'good broker' would be one that wouldn't recommend a rate that wasn't available, one that would respond to applicant queries in a timely and useful way, one that can get you the most cost effective product in the market for your needs, one that you could trust when they give you a recommendation and one that could discuss the pros and cons of fixed x tracker rates with you.

Based purely on this thread, your current broker appears to tick none of these boxes.

Hence my suggestion to get a 'good broker' (if you can find one) or dyor using comparison sites and go direct.

RedFraggle

It's also not just the LTV kicked out by basic comparison sites that matters it's the property. When I was with my broker a couple of weeks ago he highlighted that some of the LTV requirements were different for flats Vs houses. What initially looked like a good product for me was available on a house at 90% LTV but for a flat the LTV required was 85% which I don't have. 
Decent broker is worth their weight in gold imo.