My current mortgage offer - good deal?

Bozzy20

Hi, I would be ever so grateful for your opinion. I have received a mortgage offer and benig confused with everything on the market and all these jargons etc – I am wondering whether you can please tell me whether this is a good deal or can I do better elsewhere (if so where and with whom?):-

Mortgage with Northern Rock:-

Property value - £130,000
My deposit - £20,000
25 years repayment mortgage with Northern Rock - £110,000
Flexi 2 years fix rate until 01/01/2007 – 5.18% then standard variable rate (currently 6.84%).
No restrictions on this mortgage.

24 monthly payments at £658.74 and then 276 payments at £764.08. Is it worth having fees added to the loan or would I be better off paying these fees direct?

Arrangement fee - £595
Valuation fee - £410
Mortgage discharge fee - £225
Telegraphic transfer - £35
Broker’s fee - £250

MarkyMarkD

It's only worth buying a flexible product if you will actually use the flexibility. If all you want is to be able to over-pay, you can do this on many products not specifically branded as flexible.

Moneyfacts show a Scarborough BS 2 year fixed rate mortgage at 4.85% which also has "flexible option". Lower arrangement fee too.