Mortgage arrangement fees
#31
Scooby Regular
Have you seen this arrangement fee - Nat West 3% 5 year fixed, £2500
http://www.thisismoney.co.uk/money/m...ito=newsletter
http://www.thisismoney.co.uk/money/m...ito=newsletter
#33
Scooby Regular
Thread Starter
Hi Mamoon, I didn't want a tracker and really wanted fixed. My deal is 3.09% fixed for two years and free valuation/free basic legal and £1000 fees.
I don't see many deals that really beat that. The new Nat West 5 year fixed at 2.95% is actually quite tempting despite the huge fees. It would give me great peace of mind to know what my outgoings would be over 5 years.
I also prefer to deal with Nat West even if it costs me a few quid more. The process is hassle free as they have records of all my income, expenses etc etc.
I haven't exchanged yet and so could in theory change over to this 5 year deal with probably just an admin penalty.
I don't see many deals that really beat that. The new Nat West 5 year fixed at 2.95% is actually quite tempting despite the huge fees. It would give me great peace of mind to know what my outgoings would be over 5 years.
I also prefer to deal with Nat West even if it costs me a few quid more. The process is hassle free as they have records of all my income, expenses etc etc.
I haven't exchanged yet and so could in theory change over to this 5 year deal with probably just an admin penalty.
#35
Scooby Regular
Thread Starter
#36
Scooby Regular
Thread Starter
#39
Scooby Regular
Thread Starter
Yes, I see your point. It was the best product they had at the time.( a few months back) There was no three year product, only a 5 year one that charged over 0.5% extra
#41
Scooby Regular
Thread Starter
You are of course right, rates will not rise in the short term. The problem is I still remember my dad stressed out when rates rocketed to 13%, this has sort of scarred me.
Of course there is virtually zero possibility that there will be significant rate rises in the next two years, but you never quite know.
The lowest tracker out there is from HSBC at 2.65% and I'm paying 3.09% fixed. So basically I'm paying an extra 0.5% for the peace of mind.
#42
You are of course right, rates will not rise in the short term. The problem is I still remember my dad stressed out when rates rocketed to 13%, this has sort of scarred me.
Of course there is virtually zero possibility that there will be significant rate rises in the next two years, but you never quite know.
The lowest tracker out there is from HSBC at 2.65% and I'm paying 3.09% fixed. So basically I'm paying an extra 0.5% for the peace of mind.
Of course there is virtually zero possibility that there will be significant rate rises in the next two years, but you never quite know.
The lowest tracker out there is from HSBC at 2.65% and I'm paying 3.09% fixed. So basically I'm paying an extra 0.5% for the peace of mind.
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