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> Mortgage tart < Wanna help?

loafer_2
Posts: 486 Forumite
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
Can you do better?
L.
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

The best I can find at the moment is3.99% until 11-Feb-2007
6.00% until 28-Feb-2010
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.
0
Comments
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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).
IvanI don't care about your first world problems; I have enough of my own!0 -
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 advice0
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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 thingsAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
Payless, Sounds like you could plot graphs and name and shame the high-street horrors then0
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With a few exceptions the "bad guys" then are still the "bad guys" now
Remember its not what they charge SVR - its what you payAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
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 history0 -
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)Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
4.95% fixed (2 year)
Ivan
The Nationwide as shown has an arrangement fee of £349................................I have put my clock back....... Kcolc ym0 -
Pale-Rider - whats with the new name?
Yes, in general NW charge £349 for all products ( except SVR) for new purchases, remortgages & loyal non-moversAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
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
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).0
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