> Mortgage tart < Wanna help?

loafer_2

I'm the defacto Mortgage tart and I thought it'd be fun to tart it in public this time.

Just after Christmas my current discount runs out, it's an intrest only BOE base -0.75%(IIRC) for 2 years without overhang. It's saved me about £150-200 a month over the last 2 years.

I'm happy to surf the discounts every 2 years so can you help me find the best, non overhanging deal?

I have no credit or sallary problems and I need about 90,000 as I'm paying off a chunk with a cheque that'll take me an hour to write

By the way - I do not want a double discount stinger like this, it's just another word for a tie-in

3.99% until 11-Feb-2007
6.00% until 28-Feb-2010

The best I can find at the moment is

Lender: Loughborough Building Society
Product name: 1.80% Discount
Months Interest Rate Monthly Payment
1 - 24 4.55% £341.25

Can you do better?

L.

IvanOpinion

Loafer
I am in the same boat as yourself (except my deal ends in mid January). I have been looking as well and the Nationwide looks quite good
4.75% tracker
4.95% fixed (2 year)
Not as good as your 4.55% but as some kind people on this board have pointed out I am already with the Nationwide and therefore the costs to change would be less (and would definitely be much less hassle).

Ivan

loafer_2

Most of these places work by keeing the base low for a few months to pick up new customers then "topping up"... Check the base rate history of the provider is my best advice

payless

I have access to lenders historical Standard Var Rates from 1/ 1985- 12/ 2003

not afterwards but guess the trend is shown

Remember some lenders have had more than 1 "SVR" at the same time and still do- although called different things

loafer_2

Payless, Sounds like you could plot graphs and name and shame the high-street horrors then

payless

With a few exceptions the "bad guys" then are still the "bad guys" now

Remember its not what they charge SVR - its what you pay

loafer_2

Loughborough - more details

Fees: 350 Including legal.

Valuation : 230 (Why do they bother on a 300K house and a 90K loan? - surely a picture would do )
Does anyone know a "John German" valuation guy? I could use a valuation by picture deal if you do.

Any commision tarts wanna split a commision?

Payless - could you post/pm the base history for Loughborough and BOE history

payless

Have Pmed you the SVR history for the lender mentioned
( this is from a software sourcing provider and not my own work- so can't guarantee accuracy)

Robert_Sterling_3

4.95% fixed (2 year)
Ivan

The Nationwide as shown has an arrangement fee of £349.

payless

Pale-Rider - whats with the new name?

Yes, in general NW charge £349 for all products ( except SVR) for new purchases, remortgages & loyal non-movers

MarkyMarkD

Most of these places work by keeing the base low for a few months to pick up new customers then "topping up"... Check the base rate history of the provider is my best advice

I don't know what you mean here, but what I think you are saying is simply rubbish.

No lender artificially deflates their SVR for a few months, to win business, and then inflates it again.

That simply does NOT happen.

The reason it doesn't, is that they would lose money on ALL of their existing customers' business, and it's not worth doing that to win some new business.

The only situation in which what you are describing MAY happen is when new lenders enter the market. And for such new lenders, looking at their history won't help because they haven't got any (by definition).

Is that Loughborough rate fee-free, by the way? If so, it's not bad. If there's a fee, there are lower rates like 4.44% from more than one lender or 4.24% as a Savilles exclusive (but with a £695 fee - ouch).