Its remortgage time !!

[REDLAND]

Who knows whats happening with interest rates over the next 2 and 5 years ??

ta
x

 

[HampshireSeagulls]

Who knows whats happening with interest rates over the next 2 and 5 years ??

ta
x

Get across to www.moneysavingexpert.com - have a good look, he's shit-hot when it comes to getting deals.

 

[Barnet Seagull]

I' know a superb mortgage advisor if you want good advice - gets commission from the lenders. PM for details.

 

[Uncle Spielberg]

Redland

Can I PM you with some rates.


GG

2 year fixed at 4.30%

 

[Uncle Spielberg]

2 year fixed 4.30%
5 year fixed 4.69%

There is a 2 year fixed at 4.19% but the fees are high, consider the rate but also the fees payable, the early redemption penalties, whether there are any coniditonal insurances and whether interest is calculated daily on a repayment mortgage. If you are borrowing over 90% go for a lender who does not charge Mortgage Indemnity Premium.

 

[Dave the OAP]

gareth

my mortgage finishes in 2007 ( October) It stands at about 18k ish. Should I look to stick where i am or have a look and see what people are offering on 2 year deals.

 

[REDLAND]

2 year fixed 4.30%
5 year fixed 4.69%

There is a 2 year fixed at 4.19% but the fees are high, consider the rate but also the fees payable, the early redemption penalties, whether there are any coniditonal insurances and whether interest is calculated daily on a repayment mortgage. If you are borrowing over 90% go for a lender who does not charge Mortgage Indemnity Premium.

2 or 5 years fixed Gareth ?

 

[Uncle Spielberg]

I would go for a 2 year fixed myself and review it again in 2 years. 5 years is a long time to tie yourself into a deal.

PM me and I can e mail as quote specific to you and I cannot be seen to give too much advice without knowing ALL the facts.

 

[Uncle Spielberg]

Dave

10/07 is less than 2 years so theres no point looking at a 2 year deal. PM me and I can send a specific quote.

 

[Easy 10]

How about remortgaging and putting on the cash on one of GG's DEAD CERTS. I'm game.

 

[Uncle Spielberg]

 

[Uncle Spielberg]

If its a re mortgage lots of lenders will give a free survey and pay for the legal costs although the rate may be higher it may work out better depending on the size of the mortgage.

 

[Uncle Spielberg]

2 year - 4.55% fixed until 31/3/08, £ 499 added, free survey, free legals

5 year - 4.70% fixed until 30/4/11, £ 399 added, free survey, free legals

 

[chip]

Have a look at the Yorkshire Building Society (the took over the Mid Sussex).

2yr 4.38%
5yr 4.69%
10yr 4.99%

Excellent lender IMHO, mutual, overpayments etc. Also, Nationwide can also offer you savings with other money stuff if you have a mortgage with them. They must be the best value bank account if you earn and don't go seriously overdrawn.

 

[Uncle Spielberg]

The YBS rates are for new mortgages, re mortgages with fees free are 4.99% 2 and 5 year deals.

 

[chip]

No, you can get the 2 yr at 4.49% with the same fee you are quoting above.

However, you cannot get it through an intermediary.

 

[Uncle Spielberg]

Fair play the YBS rate is 4.49% however the survey fee is payable up front and refunded on successful completion so there is a risk element that you don't have with a free survey. Also you have to do all the paperwork and chasing up yourself. It is a good deal

The 5 year deal at 4.70% cannot be beaten.

 

[Pevenseagull]

C&G are up to something funny, the branch I deal with have described some absoulte crackers yet their website is showing stinkers

confused

 

[Uncle Spielberg]

Pevenseagull , what have they offered ?. I haven't used them for a while.

 

[tinx]

2 year - 4.55% fixed until 31/3/08, £ 499 added, free survey, free legals

5 year - 4.70% fixed until 30/4/11, £ 399 added, free survey, free legals

I've just signed up to the two year with almost identical as that above. Best I could find.