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Chelsea mortgage deals - Shhh?
ReportInvestor
Posts: 3,646 Forumite
4.65% fixed rate
5.49% self cert
How do these deals compare with the competition?
I only ask because the Chelsea have a £200 offer if you "recommend a friend" who takes one up. Should MSErs keep their mouths shut?
5.49% self cert
How do these deals compare with the competition?
I only ask because the Chelsea have a £200 offer if you "recommend a friend" who takes one up. Should MSErs keep their mouths shut?
0
Comments
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You need to look beyond the headline rates of interest.
Is there an extended tie in on the fixed rate? A low rate for a few years followed by a high rate with fees for transfering at the end of the tie in can be very expensive.
Why is the self cert interest higher? Because the failure rate on those type of mortgages is higher.
Think twice before recommending a mortgage to someone unless you really know what you are talking about.
Regards
XXbigman's guide to a happy life.
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Save some money0 -
Yeah, I'd avoid anything along that line, purely because if it goes badly, the person that you recommended the mortgage too might take it personally with you!Scott0
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