yeah - thats a fair point.
David, sorry, is it my naivety or Barclays that you LOL at?
Hi guys, could someone please give me some advice on the following. My mortgage is currently with Barclays. It expires 30/09/20. My house is worth £685,000. I have £214,000 remaining over 23 years. So my LTV is 31%. I spoke with Barclays who said if I move from them to another lender, I'd be charged £80 exit fee. If I were to stay with Barclays on a new deal, would I be charged another fee or would they waive the fee due to me being an existing customer? I'm currently looking around for a better deal and am considering whether I should remain on fixed or move to variable. Any hints and tips welcome please :)
BE careful cost over term using payments and fees gets the wrong answers Looking at a simple example. £200k 50% LTV 25 years 5year fix MoneySuperMarket comes up with 1. 1.35% £999 £48,150 lloyds 2. 1.44% £649 £48,305 santander 3. 1.39% £999 £48,374 NW. adding the fee normalise the payment see whats left. 1. £200,999.00 1.35% £796.82 £165,595.46 2. £200,649.00 1.44% £796.82 £166,077.37 3. £200,999.00 1.39% £796.82 £165,976.31 MSM got NW being £75 more when it is £100 better it got Lloyds £150 cheaper when it is really nearly £500 cheaper.
Nice technique. Be sure to check direct only providers as well.