5yr fixed rate mortgages

[tali1]

i'm looking at two 5yr fixed rate mortgages
3% to 3.19% no product fee
or 2.84% with £295 fee
Which one to go for?

[vescaegg]

Work out the repayments on both and find out which works out cheaper overall. The difference to monthly payments over 5 years will be absolutely tiny.

I would guess its better paying the fee up front.

[Sarnie]

tali1 said:

i'm looking at two 5yr fixed rate mortgages
3% to 3.19% no product fee
or 2.84% with £295 fee
Which one to go for?

What are the monthly payments?
Whats the LTV?
Remortagge or purchase?
Residential or BTL?

[tali1]

Sarnie said:

tali1 said:

i'm looking at two 5yr fixed rate mortgages
3% to 3.19% no product fee
or 2.84% with £295 fee
Which one to go for?

What are the monthly payments?
Whats the LTV?
Remortagge or purchase?
Residential or BTL?

£370 per mnth 2.84% with £295 fee
£372 per month 3%
£377 per month 3.19%
LTV is 43%
Remortage
Residential

[gibbon]

£295 over five years is £4.92 a month.

So add £4.92 to the repayment per month, and all other factors being equal (repayment penalties etc etc) pick the lowest.

[gibbon]

£295 over five years is £4.92 a month.

So add £4.92 to the repayment per month, and all other factors being equal (repayment penalties etc etc) pick the lowest.

[tali1]

gibbon said:

£295 over five years is £4.92 a month.

So add £4.92 to the repayment per month, and all other factors being equal (repayment penalties etc etc) pick the lowest.

£370 per mnth amount @2.84% includes the £295 fee.

[gibbon]

Well then, all other things being equal, there is your answer.

[tali1]

I know but offsets are also on my mind.

[Sarnie]

tali1 said:

£370 per mnth 2.84% with £295 fee
£372 per month 3%
£377 per month 3.19%
LTV is 43%
Remortage
Residential

How about this;

2.99% Five year fixed rate.
Zero fees.

[tali1]

Sarnie said:

tali1 said:

£370 per mnth 2.84% with £295 fee
£372 per month 3%
£377 per month 3.19%
LTV is 43%
Remortage
Residential

How about this;

2.99% Five year fixed rate.
Zero fees.

Is that an offset ?

[Sarnie]

tali1 said:

Is that an offset ?

Nope, you never said that the rates you were comparing were Offsets.....

[gibbon]

Jesus man, you try to help someone.

Why dont you try google etc.

[Sarnie]

gibbon said:

Jesus man, you try to help someone.

Why dont you try google etc.

Comparison sites don't products exclusive to brokers, which this is, for those interested.

[btsidi]

https://compare.moneyadviceservice.org.uk/mortgage...

[Zippee]

Sarnie said:

tali1 said:

£370 per mnth 2.84% with £295 fee
£372 per month 3%
£377 per month 3.19%
LTV is 43%
Remortage
Residential

How about this;

2.99% Five year fixed rate.
Zero fees.

Whats the LTV on that and what are the best available with an LTV of 70-75%? Obviously depends upon how conservative the mortgage companies valuer is...

Edited by Zippee on Thursday 21st November 13:30

[Sarnie]

Zippee said:

Whats the LTV on that and what are the best available with an LTV of 70-75%? Obviously depends upon how conservative the mortgage companies valuer is...

Edited by Zippee on Thursday 21st November 13:30

This product has a max LTV of 70%

[sumo69]

Thanks to Sarnie for some useful advice and the tip about the no-fee product.

David

[Sarnie]

sumo69 said:

Thanks to Sarnie for some useful advice and the tip about the no-fee product.

David

No problem.

My invoice is in the post

[truck71]

Sarnie said:

This product has a max LTV of 70%

Which provider is that please?