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Top Mortgage Loophole
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I just phoned up the Loughborough enquiring about the mortgage, and they told me the product has now been withdrawn.
Has anyone managed to get one?0 -
someone check my maths please...
existing mortgage - £41,000
possible new mortgage - £130,000
cashback - £9,100
day 1, pay back £98,000 leaving outstanding mortgage of £32,000 @ 6.1% variable.
paid back over 10 years, this would cost me approx. £364 @ 6.1%
What are the other costs I need to consider ? will there be costs of moving away from my current lender ? + £30 insurance option + what is the procuration fee ?
Many thanks,0 -
Yep, we've just been told it's been withdrawn.Could you do with a Money Makeover?
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Flag a news story: news@moneysavingexpert.com0 -
Thats right Martin.
Spoke to L&C and they have told me that this deal has been withdrawn.
But what a spot from Martin !!!!0 -
So Martin - if it is your spot - your da man!!!
However may be it was someone at London And Country who spooted this and brought it to your attention?I think....0 -
I am slightly relieved this offer has been withdrawn because It's taken away the dissision for me. I wanted to go for it, hubby didn't.HOW MUCH ?0
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Did anyone manage to get it before it was withdrawn?0
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I have just had an email back from them saying funds have now been exhausted on this product 0
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ADDED TO MY INITIAL POSTUpdate note: 6 September 10.15am. Offer ClosedThis mortgage has now run out of funds. I do hope MoneySavers grabbed the loophole while it was available. Obviously this had very high demand (unsurprising) and used itself up quickly.
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If you're still looking to remotgage, then read through m'free printed guide to remortgaging. This will quickly help you understand all the terms above, and give you a much better grounding for how this works.
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Order a Free Printed VersionMartin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 0000 -
Oh well, I guess I won't be going to the Loughborough Building Society this lunch break!
Shame as I was looking forward to getting £6,000 towards a new bedroom.
Will probably have to zoom to Tesco's instead and buy as much frozen beef as I can to exchange clubcard points for MFI vouchers!0
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