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Fred
Stranger
Joined: 17 Apr 2006
Posts: 4
Cash Points ££ 25.00
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 Posted: Sat Apr 15, 2006 11:23 am Post subject: Recommend a good fixed rate mortgage |
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In the process of moving house and looking around for some good fixed rate deals for 2 to 5 years, anyone know of any good deals to look into ?
Thanks |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Mon Apr 17, 2006 12:55 pm Post subject: Re: Recommend a good fixed rate mortgage |
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| Fred wrote: | In the process of moving house and looking around for some good fixed rate deals for 2 to 5 years, anyone know of any good deals to look into ?
Thanks |
Stroud and Swindon have a good 2 year deal at 4.15% fixed. Though the 1% completion fee looks a bit excessive
http://www.stroudandswindon.co.uk/
Heres the T&C -
Description Rate Until Description Rate Until
Fixed 4.15% 31/05/2008 Variable rate of Bank of England Base Rate + 0.99% 5.49% Term
The overall cost for comparison is 5.6% APR
Fees and Charges
Early Repayment Charge 2% to 31/5/08.
The percentage detailed relates to a percentage of your capital balance. On redeeming your mortgage, a discharge fee (currently £130) will be payable.
Max LTV 75%
Arrangement Fees Reservation Fee None
Completion Fee 1% of amount borrowed
Valuation Fees Remortgage Fee Payable
House Purchase Fee Payable
Legal Fees Remortgage Fee Payable
House Purchase Fee Payable
Notes Valuation fees are payable on application.
Completion fees are deducted from the loan on completion
Maximum Loan to Value is 75%
Up to 25% of the loan can be repaid within the Early Repayment Charge period without charge
Please note, this product is not available to existing customers wishing to transfer their mortgage or for additional borrowing
This product is exclusive for customers applying via the Internet directly to Stroud & Swindon |
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fireboy
Saving Enthusiast
Joined: 18 Oct 2004
Posts: 134
Cash Points ££ 459.94
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| Posted: Tue Apr 18, 2006 3:24 am Post subject: Re: Recommend a good fixed rate mortgage |
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| Fred wrote: | In the process of moving house and looking around for some good fixed rate deals for 2 to 5 years, anyone know of any good deals to look into ?
Thanks |
I'm also in a similar boat, and looking at the Portman BS 4.3% fixed for 2 years. fee fee at £399 and a £320 valuation fee (if borrowing more than 100'000)
Though note that interest is calculated annually, so you would need to time the overpayments at the right time of year i.e. just prior to the annual interest calcs. |
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Tewbacca
Stranger
Joined: 19 Apr 2006
Posts: 2
Location: Middle England
Cash Points ££ 15.00
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| Posted: Wed Apr 19, 2006 4:36 pm Post subject: |
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 I have just re-mortgaged over the phone with First Active.
I have fixed at 4.59% for 2 years and at the end of the deal the SVR is only 5.6%
There was an arrangement fee of £499 and a fee transfer of £30 which has been added to the loan and all the solicitors and valuation fees were covered by First Active (I just had to employ a solicitor to remove my ex from the deeds)
You can overpay in the fixed period by 10% and then unlimited once the fixed rate ends.
There are early repayment charges which only apply during the fixed rate period but then if you are looking to fix for 2 years then there would be no reason to move the mortgage and incur these fees anyway.
The application can be completed over the internet though I did mine by phone - it took 15 minutes - I as credit scored there and then and given an AIP over the phone immediately. Papers arrived next day and as I had a clean credit score First Active completed from application to completion in 3 weeks!!
Brilliant and well worth a look at their website - www.firstactive.co.uk - highly recommended. |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Thu Apr 27, 2006 1:37 am Post subject: |
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| Tewbacca wrote: | I have just re-mortgaged over the phone with First Active.
I have fixed at 4.59% for 2 years and at the end of the deal the SVR is only 5.6%
There was an arrangement fee of £499 and a fee transfer of £30 which has been added to the loan and all the solicitors and valuation fees were covered by First Active (I just had to employ a solicitor to remove my ex from the deeds)
You can overpay in the fixed period by 10% and then unlimited once the fixed rate ends.
There are early repayment charges which only apply during the fixed rate period but then if you are looking to fix for 2 years then there would be no reason to move the mortgage and incur these fees anyway.
The application can be completed over the internet though I did mine by phone - it took 15 minutes - I as credit scored there and then and given an AIP over the phone immediately. Papers arrived next day and as I had a clean credit score First Active completed from application to completion in 3 weeks!!
Brilliant and well worth a look at their website - www.firstactive.co.uk - highly recommended. |
They also do a 2 year fix at 4.49%, the only difference being a £699 arrangement fee, so maybe better suited to larger mortgages. |
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rachel
Stranger
Joined: 11 Oct 2006
Posts: 4
Cash Points ££ 89.40
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| Posted: Thu Oct 26, 2006 10:02 am Post subject: |
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Hi to all,
u want fixed rate 2 to 5 year plan,in this plan interest rates are 4.15 to 5.6% maximum.shop around the different loans and select the best one. |
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