Best Fixed Rate Deals Please

meanmachine_2

Isn't there a 4.1 something fixed deal floating around somewhere?

Not sure about arrangement fees though.

It's a good idea to fix now. If I was in the buying mood then I'd fix. all this talk of further rate falls could be wishful thinking.

Or maybe it's wishful thinking on my part that rates will rise, since I'm saving furiously for a deposit...

crusher_2

I am currently with Leeds & Holbeck. Just come out of a two year deal with them. I have done some more digging today and i cannot beat the Halifax deal anywhere.

MortgageGenie

crusher wrote:

I have been scouting around for the best 2 & 5 year fixed rates over the last week. I have 16 years to run with a balance of £62000. Best deal by far for me is the Halifax 2 year fixed @ 4.39%, fee of £299, free legals and valuation. Best 5 year seems to be Alliance & Leicester. Can't beat the Halifax deal anywhere unless somebody else can???

For the 2 year deal, purely from a monetary point of view, I think you'll find Nationwide closely followed by IF both work out better. The reason... I think your referring to the Halifax deal with a £499 arrangement fee and £200 cashback? If so, it doesn't include free legals. (it's £200 cb or free std legals not both)

I think meanmachine means Westbrom's deal at 4.15% until 31/08/2007. It's only available directly from them so I don't know the full details of the scheme... I think it's got a £599 arrangement fee and you have to pay your own legals and valuation. Not sure how much the mortgage discharge is? Also I think it's an annual rest product and it's compulsory to take their buildings insurance. I can't get an illustration for this product so I could be wrong but I doubt it will be a market leading product for CI mortgages.

salsa1

MortgageGenie wrote:

For the 2 year deal, purely from a monetary point of view, I think you'll find Nationwide closely followed by IF both work out better. The reason... I think your referring to the Halifax deal with a £499 arrangement fee and £200 cashback? If so, it doesn't include free legals. (it's £200 cb or free std legals not both)

I think meanmachine means Westbrom's deal at 4.15% until 31/08/2007. It's only available directly from them so I don't know the full details of the scheme... I think it's got a £599 arrangement fee and you have to pay your own legals and valuation. Not sure how much the mortgage discharge is? Also I think it's an annual rest product and it's compulsory to take their buildings insurance. I can't get an illustration for this product so I could be wrong but I doubt it will be a market leading product for CI mortgages.

What do you think of the Coventry BS Flexx fixed rate - 5 yrs at 4.85% please?


Thanks

MarkyMarkD

KTF wrote:

I think it might be worth looking at the Nationwide. 5 years @ 4.69% with a £395 fee, £95 admin fee and free legals looks better than the Coventry offer (excluding discharge fees).

Other deals mey be more suitable for your needs so always consult an IFA before deciding.

The YBS deal in the Money Supermarket table is better value unless your loan is tiny. It's only 4.49%; the fees are similar, so the only difference is the lack of free legals - say £250? Over 5 years, £250 is £50 per annum or 0.05% on a £100k loan.

meanmachine_2

MortgageGenie wrote:

I think meanmachine means Westbrom's deal at 4.15% until 31/08/2007. It's only available directly from them so I don't know the full details of the scheme... I think it's got a £599 arrangement fee and you have to pay your own legals and valuation. Not sure how much the mortgage discharge is? Also I think it's an annual rest product and it's compulsory to take their buildings insurance. I can't get an illustration for this product so I could be wrong but I doubt it will be a market leading product for CI mortgages.

Yes, you're right.

westbrom - 4.15%

Compulsory insurance, £599 arrangement fee, new customers only.

A good headline, but like so many of these "great deals", there are strings attached.

Jim_Beam_3

beleiev that the coventry one at 4.85 has no redemption penalty ( except a 195 sealing fee ) - not many of these around !

crusher_2

MortgageGenie wrote:

For the 2 year deal, purely from a monetary point of view, I think you'll find Nationwide closely followed by IF both work out better. The reason... I think your referring to the Halifax deal with a £499 arrangement fee and £200 cashback? If so, it doesn't include free legals. (it's £200 cb or free std legals not both)QUOTE]

The deal Halifax have offered me is 2 year fixed @ 4.39% with free legals & valuation. Booking fee of £299. No cashback no £499 fee.

CTT_2

Because stability in my finances is important I have now gone for the 10 year fix rate with NW at 4.89 percent. However had to pay rese fee of £389.00. Rates may come down further but I hope to pay off in 10 years.

meanmachine_2

I think you're wise.

In five years' time we might be flabberghasted that rates were so low.

It's a fairly low risk gamble.