Platform mortgages

[fourstardan]

Hi,

Has anyone recently signed up for a Fixed deal?

I am due to expire on my existing rate soon so looking around and they are doing 250 quid cash back so wondering what the potential catch is.

[hunton69]

I switched a mortgage to platform 6 months ago no catch

[jayxx83]

Factor in the time it will take a bank to issue an offer at the moment and the legal process to switch. Some lenders are quicker than others.

[Sarnie]

fourstardan said:

Hi,

Has anyone recently signed up for a Fixed deal?

I am due to expire on my existing rate soon so looking around and they are doing 250 quid cash back so wondering what the potential catch is.

No catch apart from their rates aren't great..........

[fourstardan]

jayxx83 said:

Factor in the time it will take a bank to issue an offer at the moment and the legal process to switch. Some lenders are quicker than others.

Good point!, I think I'll ring around tomorrow with a quiet diary.

[fourstardan]

Ok,

So lot of decent deals about, Santander current provider are offering some ok deals so wondering if its worth the aggro of moving about.

-Santander are doing a 2 year @ 1.34 and 1.69 interest for a 3 year.
-Barclays 1.39 for 3 years. (Also my current bank so might even be able to get a better deal on this?)

Some of the comparison sites give you the option of adding the fees onto the mortgage terms, is this sensible to reduce capex?

[fourstardan]

Oh and Santander also do 5 year @ 1043.

Just looking/researching and I think you need to pay more fees i.e. legal fees and valuation fees to remortgage to a new provider?

[Sarnie]

Almost all lenders valuation and legal fees are free......

[i4got]

O/P - you know Sarnie on this thread is a mortgage broker. ? Why not just save yourself the effort, PM him and I'm sure he'd sort it out for you.