Any Good Mortgage Rates about
19 July 2004, 11:31 PM
#1
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Any Good Mortgage Rates about
Looking for a mortgage on my first house, looking for a 85% loan. Tracker rates would be ideal if they have a good discount linked to the BOE.
20 July 2004, 08:25 AM
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20 July 2004, 09:32 AM
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Don't know, but I keep getting phone calls from 'a professional mortgage advisor' based at a bangladeshi call centre, telling me that he can probably find me a better rate than I'm paying now. So I told him I had a £100k mortgage (true), and that my monthly repayments are £435 (not true
). He called me again saying he could beat that over a 40yr term, so I told him that's no good, my current term is only 20yr's
). He called me again saying he could beat that over a 40yr term, so I told him that's no good, my current term is only 20yr's
20 July 2004, 09:34 AM
#4
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On a serious note, we change ours every two years, and always go for the best two year discounted variable we can find at that time. When we changed again last year, the Abbey's was the best by quite along way.
20 July 2004, 09:40 AM
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Originally Posted by CrisPDuk
On a serious note, we change ours every two years, and always go for the best two year discounted variable we can find at that time. When we changed again last year, the Abbey's was the best by quite along way.
If you dial this number from a Fax 0906 760701 you'll get about 7 pages of different rate mortgages currently offered. It costs about £5 but is very helpful. I work for an IFA practice and thats what our advisers tend to use.
20 July 2004, 09:57 AM
#6
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Edd, you tend to find these days that the redemption penalty terms are only for the same term as the discount. TBH next time (this time next year) we are going to look into the pro's and con's of these One accounts too.
Mrs D's sister lives in Melbourne, and apparently that's how most mortgages work over there. They seem to pay a lot less, in total, over the term, even though their base rate is higher.
Mrs D's sister lives in Melbourne, and apparently that's how most mortgages work over there. They seem to pay a lot less, in total, over the term, even though their base rate is higher.
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20 July 2004, 12:44 PM
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Originally Posted by Charlie_Boy
i tried faxing that number, don't get anything back.
That's 'cos the number was incomplete - it should be 09060760701. BUT the same info. is available free of charge from their website - www.moneyfacts.co.uk
20 July 2004, 01:30 PM
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In November Northern Rock did us a self-cert at 4.49% fixed for 2 years with drawdown, overpayments and no penalties at the end of the fixed-rate period. Couldn't recommend them highly enough.
20 July 2004, 02:08 PM
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Try www.moneysupermarket.com - it let's you put in the figures then shows up all the deals matching criteria you put in.
20 July 2004, 07:22 PM
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Tried moneysupermarket. Out of 8500 mortgages their were none that applied to me !!!!!! I selected every possible type.
They suggested a mortgage adviser call me, what a load of bull...............
They suggested a mortgage adviser call me, what a load of bull...............
20 July 2004, 08:51 PM
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I'm with Northern Rock and so far have found them to be awful.
Took ages to get everything sorted, no idea what they were doing. Took a month to get a valuation done, and afterwards sent me a letter saying I could have an inspection done blah blah for xxx, no good after the event though!!!
Massive costs on top too.
Took ages to get everything sorted, no idea what they were doing. Took a month to get a valuation done, and afterwards sent me a letter saying I could have an inspection done blah blah for xxx, no good after the event though!!!
Massive costs on top too.
20 July 2004, 08:59 PM
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Originally Posted by MarkO
In November Northern Rock did us a self-cert at 4.49% fixed for 2 years with drawdown, overpayments and no penalties at the end of the fixed-rate period. Couldn't recommend them highly enough.
20 July 2004, 10:16 PM
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Originally Posted by Charlie_Boy
Best quote 4.99 fixed for 2 years and £1000 cashback on completion, from Northern Rock. Which isn't too bad.
They did my mortgage from application to exchange of contracts in 26 days.
chopper
20 July 2004, 10:50 PM
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Originally Posted by mattykimbo
I work for the yorkshire building society we have won a lot of best mortgage awards recently especially for our offset products have you checked us out??
mat
mat
21 July 2004, 08:43 AM
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Nothern Rock sorted our mortgage out very quickly, although we went through a broker.
TBH, I'd rather have a slow lender with a 4.49% rate than one who processes the paperwork quickly but charges 1% more.
TBH, I'd rather have a slow lender with a 4.49% rate than one who processes the paperwork quickly but charges 1% more.
21 July 2004, 08:46 AM
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Originally Posted by what would scooby do
Glad you got sorted by Northern Rock, I now call them Northern *****, 4 weeks of phone calls so chase my application - bunch of retards, haven't got a clue.. they give geordies a bad name
21 July 2004, 09:04 AM
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Yes, I have my mortgage with Northern Rock and they are without doubt the most unproffesional bunch of muppets I have ever had to deal with, however they were also the cheapest
It took me 45 mins on the phone just to get to speak to the correct department
as they kept forwarding me to dead lines or giving me unobtainable direct numbers 
In the end I rang back and started F-ing and blinding at them, and only then did I get any help.
They also undercharged me for my survey, I had to check that they had done the correct one
One plus point though, they completely forgot about the £850 redemption penalty that I should have paid them
I may mention it to them one day 
It took me 45 mins on the phone just to get to speak to the correct department
as they kept forwarding me to dead lines or giving me unobtainable direct numbers In the end I rang back and started F-ing and blinding at them, and only then did I get any help.They also undercharged me for my survey, I had to check that they had done the correct one
One plus point though, they completely forgot about the £850 redemption penalty that I should have paid them
I may mention it to them one day
21 July 2004, 11:32 AM
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Northern Rock Fixed Rate
The 4.99% fixed rate in their current product guide is for a year and a half, not two years.
Be warned also that if you move to another lender within three years the £1000 help with costs must be repayed.
Be warned also that if you move to another lender within three years the £1000 help with costs must be repayed.
21 July 2004, 11:43 AM
#26
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Our 4.49% fixed is for 2 years. And whilst we didn't get any cashback, there are definitely no redemption penalties after the fixed period.
As for wasting a day on the phone, ICGAS, 'cos that was my broker's problem, not mine.
As for wasting a day on the phone, ICGAS, 'cos that was my broker's problem, not mine.
21 July 2004, 01:22 PM
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Fixed rates are expensive at the moment, but the "swop rates" which dictate the rate the lender uses have come down recently, so expect Fixed Rates to potentially improve in the next couple of weeks and look cheaper.
Offsets are good news, but you need discipline with 'em as it is easy to use your loan facility, go overdrawn, etc, and then there are no real benefits.
Best bet is to look for an IFA via www.unbiased.co.uk and get him/her to do the work for you and not just get you the best deal, but also sort out your life cover.
Offsets are good news, but you need discipline with 'em as it is easy to use your loan facility, go overdrawn, etc, and then there are no real benefits.
Best bet is to look for an IFA via www.unbiased.co.uk and get him/her to do the work for you and not just get you the best deal, but also sort out your life cover.
