Low rate 2 yr fixed mortgage through a independant broker - Skipton BS
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Low rate 2 yr fixed mortgage through a independant broker - Skipton BS

13
Found 25th Jun 2014
i have applied for a broker exclusive mortgage on saturday through a local independant broker who works under positive mortgages.

it's worth finding one as i got a 2 yr fixed rate at 2.89% on a 85% LTV mortgage.

the only downside is because of the low rate you pay the £1000 product fee in advance - which saves interest payments. good if you can afford it. next best rate for us was 3.29% with a £1000 product fee - on the day that is.

might be useful for some.

13 Comments

Banned

Picked up a 5 year fixed @ 3.09 with Nationwide £700 setup fee

Dont forget you'll need to add another £300-£400 for conveyancing fee's for a remortgage
Edited by: "paulj48" 25th Jun 2014

2.84% fixed for 2 years on a 85% LTV here for only £195 product fee

They'e also offering a 10 year fixed at 4.19% for no product fee and free valuation, not bad as interest rates will be rising soon.

nandp.co.uk/mor…ge/
Edited by: "paulj48" 25th Jun 2014

Original Poster

jesus, that wasn't there when i looked on saturday

Original Poster

but you need to add vluation fee's so probably save a few hundred over what i've got.

ianh82

but you need to add vluation fee's so probably save a few hundred over … but you need to add vluation fee's so probably save a few hundred over what i've got.



I remortgaged from Skipton to N&P in Febuary this year and the offer I mentioned was there then, their valuation fee was £150 so you could have saved £655 and 0.05%

Thats the trouble with using a broker, even though they are independant they wont search all product's and will recommend the product they get the best commision from, just spend a few hours yourself searching the internet for the best deal.

Thanks for all the comments here as I'm thinking of remortgaging to build an extension.
Edited by: "teerex" 25th Jun 2014

Woolwich have no arrangement fees and were the best rate for 2 yr fixed mortgage for us as a first time buyer. Just some info to check them out. X

Original Poster

yes i did search paul before the broker and the skipton deal wasn't the one he offered me as he hadn't used them before. how quickly are N&P at sorting it all out now the new rules have come into force?

ianh82

how quickly are N&P at sorting it all out now the new rules have come … how quickly are N&P at sorting it all out now the new rules have come into force?



My remortgage was completed start to end in 4 weeks, I did everything via phone and post 1 X 1/2 hour call for elligability and another 1 hour call for more details at N&P's expense (they called me)

Dont know what new rules you mean but they asked me on my initiall call about ALL my monthly expenditure

Original Poster

yes thats the rules. affordability. i can't swap now as all going through.

paulj48

I remortgaged from Skipton to N&P in Febuary this year and the offer I … I remortgaged from Skipton to N&P in Febuary this year and the offer I mentioned was there then, their valuation fee was £150 so you could have saved £655 and 0.05%Thats the trouble with using a broker, even though they are independant they wont search all product's and will recommend the product they get the best commision from, just spend a few hours yourself searching the internet for the best deal.



If you are paying for a brokers services they will find the best product for you, if you are going for advice they should offer all products and tell you what fee they receive from each one. Compensation for miss-selling has hit many businesses so they should be wary of just going on their commission.

simont_space

If you are paying for a brokers services they will find the best product … If you are paying for a brokers services they will find the best product for you,



That depends if they are a 'whole-of-market' advisor or not. If they're not then they can only find the best product within their remit.
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