mortgage with the post office @ 2.79 5yr fixed now fees - HotUKDeals
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2.79 fixed for 5 years no fees and free evaluation
25 percent or 75 percent Ltv. 79

Shared Via The HUKD App For Android.

With 40% deposit.
- winchman
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aal118 Avatar
2y, 1m agoFound 2 years, 1 month ago
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1 Like #1
Added with the new stamp duty rates you may be even more better off maybe

http://www.thisismoney.co.uk/money/mortgageshome/article-1633417/Stamp-duty-calculator-How-pay-property.html
2 Likes #2
£1495 arrangement fee
#3
Or 2.85% with £995 fee
#4
2.64% @ Natwest - all rates are #1 or #2 in markets.
1 Like #5
Anyone recommend a cheap deal with a zero arrangement fee?
#6
Birmingham Post office has a Great Mortgage specialist...
#7
our specialist is not bad in Leeds either so if you go say you spoke to Sarah Lou
1 Like #8
kullydosanjh9
Birmingham Post office has a Great Mortgage specialist...

a friend of yours ? or you
#9
Comment
cubanpaul
2.64% @ Natwest - all rates are #1 or #2 in markets.


The Op is talking about a 5 yr fixed, natwest don't even come close to this rate.

Tesco and nationwide are competitive also on 5yr fix rates
1 Like #10
These 5 year fixed are good but I would check to see what the none fixed rates are as sometimes they can be a whole point cheaper. If this is the case and the rates don't change for the next 2 years then you are needing a 2 point increase in the following 3 years for this to work out cheaper. We pay 2.49% on a tracker but even with the no fee new deals it doesn't make sense to change as the solicitors fees etc are too high for our relatively small mortgage.
#11
Saying there is no fees is wrong. There are fees so factor these in to your calculations.

This rate is obviously brilliant, but there are better. I've seen 5yr fixed at 2.59%.

Just fixed with Santander for 5 yrs at 2.89% Exceptionally happy.
#12
doesn't look too bad
2 Likes #13
but no signs that interest rates are going to rise any time soon, so why not get a much lower rate tracker ( e.g Nationwide 2yr 1.84%) with no fees or tie in's, and just wait and see what happens ?

HOT anyway,as seems like a good deal if it suits

Edited By: guy.pennington on Dec 03, 2014 23:26
#14
Ok more fees and a higher LTV, but for some with a large mortgage it will be cheaper
http://www.hotukdeals.com/deals/cheapest-ever-5-year-2-48-fixed-rate-mortgage-with-hsbc-2069806?page=2#post23573106

Edited By: BigAde on Dec 03, 2014 23:35
#15
With 40% deposit there is no arrangement fee. 4.49% APR after 5 years.

It is worth looking around. If you have 40% deposit. Nationwide have a product at 2.59% over 4 years. With no arrangement fee. Plus a lower 3.99% rate after the 4 years. Works out at 3.4% apr. You do need to have a Nationwide Current account.

Personally Nationwide deal looks better based on the large deposit. Of course the PO deal have a huge fee if you only have 25% deposit.

Having a huge deposit effectively knocks nearly 1-2% off initial rate for first 5 years. I don't see rates getting much cheaper than 2.69%. Unless you are someone who got in at 2.5% when the banking disaster set in.
#16
west brom have a 2.99% fixed 5 years with a £199 arrangement fee no valuation fee

so its really down to the size of the loan

if any wants a comparison for mortgage or protection premiums

let me know

Edited By: goodman1 on Dec 04, 2014 00:12
#17
i would be interested in this, but then they closed my post office, so cold
#18
Nerchio1
i would be interested in this, but then they closed my post office, so cold

Don't the post office offer a telephone service?

Tesco 2.79% with a lower £995fee
#19
Do these deals apply to remortgages, only trying to prepare for next year.
#20
I own my house outright and wanted to remortgage against it for £30,000 for an investment cus my income is about £200 a week net ( I'm a part time working mother) my own bank won't lend me a thing - I'm very frustrated do u have a suggestions pls?
#21
The helpful comments on this thread would be worth having in misc as mortgage advice is worth so much to so many.
1 Like #22
Henvig
The helpful comments on this thread would be worth having in misc as mortgage advice is worth so much to so many.

So is some sleep oO
1 Like #23
surely the new stamp duty rates plus these mortgage rates are a boost for the gov to see a rise in property purchases and then.. HELLO higher interest rates
1 Like #24
'Post Office mortgages' are in fact Bank of Ireland. Beware of dealing with this group - they recently decided to increase their tracker mortgages when in fact the base rate had not changed. Naturally there were protests and legal challenges, but the BoI hid behind the small print. Personally I would refuse to deal with them ever on principle. Whilst they aren't out-and-out CROOKS! it does leave a bad taste in the mouth of those affected.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10381130/Watchdog-to-probe-tracker-mortgage-rate-rises.html
http://www.bankofirelandmortgages.co.uk/mortgage-information/base-rate-tracker-changes/



Edited By: littletime on Dec 04, 2014 08:27: more info
#25
If their mortgages are anything like their postal service I'd avoid this like the plague!
#26
Barclays are showing as the best for us at the moment but we're going for just a 5% deposit.
#27
goodman1
Nerchio1
i would be interested in this, but then they closed my post office, so cold

Don't the post office offer a telephone service?

Tesco 2.79% with a lower £995fee

Do Tesco also give clubcard points back on the mortgage?
#28
Henvig
The helpful comments on this thread would be worth having in misc as mortgage advice is worth so much to so many.

That's so true..
#29
Tyler Halifax
goodman1
Nerchio1
i would be interested in this, but then they closed my post office, so cold

Don't the post office offer a telephone service?

Tesco 2.79% with a lower £995fee

Do Tesco also give clubcard points back on the mortgage?

yeah, and on overpayments (UNLESS PAYING OFF WHOLE THING _ IF ONLY
1 Like #30
Applied for one about a year ago, they turned me down with no explanation. I was already a customer of their mortgages and had never missed a payment and was wanting to go up to a larger house with a 25% deposit, borrowing 2.5 times my salary.

Went to Halifax who said my credit rating was A+, would have leant me twice as much as I wanted and got a mortgage with them.

These rates are good but they cherry pick the best business.
#31
Comment
jamstaruk1972
kullydosanjh9
Birmingham Post office has a Great Mortgage specialist...

a friend of yours ? or you


No not me... Just a colleague
#32
£130,000 = You pay 1% of the £5000. (£130,000 - £125,000)
#33
sarah090182woodhead
our specialist is not bad in Leeds either so if you go say you spoke to Sarah Lou


Just wondering who your specialist is, based in Leeds...
#34
goodman1
west brom have a 2.99% fixed 5 years with a £199 arrangement fee no valuation fee

so its really down to the size of the loan

if any wants a comparison for mortgage or protection premiums

let me know
i have 5 years left on my mortgage my endowment pays out in 3 years a huge chunk of what i have left to pay im interested in the best rate i can get im able to switch anytime
#35
hotcat123
I own my house outright and wanted to remortgage against it for £30,000 for an investment cus my income is about £200 a week net ( I'm a part time working mother) my own bank won't lend me a thing - I'm very frustrated do u have a suggestions pls?

Unless the investment is going to cover the cost of the mortgage, is it worth it, i.e. do you want to risk losing your home if you find yourself unable to keep up repayments? That said, if you earn £200 a week, that's around £10k per year, so borrowing £30k is 3x income and doesn't sound unreasonable to me. It depends what other financial commitments you have and your circumstances. Sounds like you'd be best off speaking to a mortgage advisor/IFA.

Edited By: BigAde on Dec 04, 2014 10:28
#36
Scoobyed
Tyler Halifax
goodman1
Nerchio1
i would be interested in this, but then they closed my post office, so cold

Don't the post office offer a telephone service?

Tesco 2.79% with a lower £995fee



Do Tesco also give clubcard points back on the mortgage?

yeah, and on overpayments (UNLESS PAYING OFF WHOLE THING _ IF ONLY

An added reason to use Tesco then - I'll have to look into Tesco as didn't realise they were this competive! Maybe this deserves its own HUKD post?!
#37
littletime
'Post Office mortgages' are in fact Bank of Ireland. Beware of dealing with this group - they recently decided to increase their tracker mortgages when in fact the base rate had not changed. Naturally there were protests and legal challenges, but the BoI hid behind the small print. Personally I would refuse to deal with them ever on principle. Whilst they aren't out-and-out CROOKS! it does leave a bad taste in the mouth of those affected.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10381130/Watchdog-to-probe-tracker-mortgage-rate-rises.html
http://www.bankofirelandmortgages.co.uk/mortgage-information/base-rate-tracker-changes/

I personally would avoid any significant financial dealings with any Bank based in a Euro currency nation.
#38
hotcat123
I own my house outright and wanted to remortgage against it for £30,000 for an investment cus my income is about £200 a week net ( I'm a part time working mother) my own bank won't lend me a thing - I'm very frustrated do u have a suggestions pls?

some lenders will take tax credits as income
if you want me to have a look send me a message
#39
stuntman9883
goodman1
west brom have a 2.99% fixed 5 years with a £199 arrangement fee no valuation fee

so its really down to the size of the loan

if any wants a comparison for mortgage or protection premiums

let me know
i have 5 years left on my mortgage my endowment pays out in 3 years a huge chunk of what i have left to pay im interested in the best rate i can get im able to switch anytime

hi message me you email address and I will have a look
#40
mocmocamoc
Applied for one about a year ago, they turned me down with no explanation. I was already a customer of their mortgages and had never missed a payment and was wanting to go up to a larger house with a 25% deposit, borrowing 2.5 times my salary.

Went to Halifax who said my credit rating was A+, would have leant me twice as much as I wanted and got a mortgage with them.

These rates are good but they cherry pick the best business.

Halifax have some good rates with a generous affordability calculator
where they can be costly is IF you have taken a Scottish Widows policy with them as the rates can be uncompetitive plus the premiums are reviewable for critical illness

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