Mortgage Deals

Mortgage Deals & Offers

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2-5 Year Fixed Green Mortgage Additional Borrowing (£5k to £25k) 85% LTV - 0.75% - No product fee - existing mortgage customers @ Nationwide
1036° Expired
Posted 25th MarPosted 25th Mar
From today, Nationwide have cut their rates on additional green borrowing for existing Nationwide mortgage customers. You can borrow between £5,000 - £25,000 at a rate of 0.75% … Read more
sunama

If you can get £25k at an interest rate of 0.75%, it will help reduce your monthly payments, for sure. You can use the calculator at the top of this page, to calculate the reduction in your monthly payments.

exit_music

Anyone progressing with this? We are planning a renovation of our property in the next few months. We have the funds available but I'm wondering whether it makes sense to take this loan at the max 25k and then just pay that back to our mortgage (taking into consideration the 10% overpayment limit). We are a couple of years into a 25 year mortgage at 1.94% (3 years left on the fix). Can't seem to figure out whether this is worthwhile and how much it could save us. Are there any good online calculators for this sort of thing? Thanks

sunama

It is.

BargainSeeker777

Two excellent tools to use for comparison of mortgage deals. First use this one and see your best buys. moneysavingexpert.com/mortgages/best-buys/ Then ask any broker to best these if they can. Second tool is to compare your shortlisted deals, it compares only two deals, but mathematically most accurately. So use for final decision. moneysavingexpert.com/mortgages/compare-fixed-rate-mortgages/

kidrock123

Interesting

Remortgage 5 Year Fixed Repayment 60% ltv 1.39% £490 fees @ First Direct
621° Expired
Posted 24th MarPosted 24th Mar
5 Years Rate period 1.39% Interest rate 3.54% Reverts to SVR 2.6% APRC Illustrative overall cost for comparison £490 Booking fee £0 Arrangement fee £592 Example monthly repaymen… Read more
dsuk

https://www.google.co.uk/amp/s/www.bbc.com/news/business-57070373.amp

BargainSeeker777

Two excellent tools to use for comparison of mortgage deals. First use this one and see your best buys. moneysavingexpert.com/mortgages/best-buys/ Then ask any broker to best these if they can. Second tool is to compare your shortlisted deals, it compares only two deals, but mathematically most accurately. So use for final decision. moneysavingexpert.com/mortgages/compare-fixed-rate-mortgages/

kidrock123

The Halifax deal also posted on HUKD with the slightly higher rate (1.44% fee free) would probably work out marginally better than this once you factor in the product fee. However, i guess it all depends on your mortgage loan amount…

davew2011

Sounds like I was lucky to have it over turned in that case! It was years ago

nbuuifx

You only get the rate once you have the appointment though and that is what took so long. When arranging the appointment the man confirmed that they would honour the offer rate even though it was a good way until the appointment. However the mortgage advisor said he was incorrect and shouldn't have said that. I argued twice and put a complaint in but just got something back that referred to some small print, the difference want enough to pursue further. It irked me as it was their fault that it took a while, but the mortgage itself I've been happy with and was still a good saving over the last one.

5 year fixed remortgage with no product fee - 1.46% (60% LTV) @ Halifax
1648° Expired
Posted 22nd MarPosted 22nd Mar
This deal is for people looking for a competitive remortgage rate without fees. Halifax currently have a market leading deal of 1.46%, 60% LTV for remortgages with no product fee… Read more
getmore4less

Not found one that does it properly yet 1. Add the fees (or reduce the other if paying up front) That makes the starting cash position the same. 2. use the same payment to run the amortisation for the comparison period. That makes the cash flow the same See which has the lowest debt at the end. Single number comparison MSE you have to work it out and there is nothing to account for the difference in payments earning interest or reducing debt. Because the payment determines the outcome you need to use the planned payment not the one based on term. Very important if planning to overpay.

BargainSeeker777

Link for best calculator spreadsheet please. Thanks

BargainSeeker777

I know first tool (best buys) is not accurate as MSE first year cost is not important, it's total cost over initial fixed period. As principal amount in 2nd and further years is lower so lower interest rate wins in later years. Can you please share how the second tool is wrong . Thanks And what tool/website or formula you use ?

getmore4less

MSE is one of the sites that does the calculations wrong. Both those links do the calculations wrong.

BargainSeeker777

Two excellent tools to use for comparison of mortgage deals. First use this one and see your best buys. moneysavingexpert.com/mortgages/best-buys/ Then ask any broker to best these if they can. Second tool is to compare your shortlisted deals, it compares only two deals, but mathematically most accurately. So use for final decision. moneysavingexpert.com/mortgages/compare-fixed-rate-mortgages/

2 Year Fixed 60% Loan To Value Repayment Mortgage 1.14% plus £999 Booking Fee @ HSBC
800° Expired
Posted 8th MarPosted 8th Mar
2 Year Fixed 60% Loan To Value Repayment Mortgage 1.14% plus £999 Booking Fee @ HSBC£999HSBC Deals
2 year fixed rate mortgage, 60% LTV is 1.14% with HSBC (+£999 BF)
vorapa

Anyone know if the 1.06% 2 year fixed from Platform Co-Op is any good? £1499 arrangement fee - M2419

getmore4less

in case anyone is wondering about the FD 1.24% with the smaller fee here are the breakeven numbers for that https://www.hotukdeals.com/deals/2-year-fixed-60-ltv-repayment-mortgage-124-plus-ps490-bf-at-first-direct-3681474 term, mortgage size needed 05 £316,526.73 10 £283,024.91 15 £273,387.61 20 £268,817.82 25 £266,154.12 30 £264,412.09 IO £257,533.20 Need a pretty big mortgage for this deal to be better than the FD one.

getmore4less

I see the add the monthly payments and fees to compare are out in force again. to compare add the fees make the payments the same and see how much you have left at end of fix gets a much more accurate result. the break even depends on how big your payment is so the single calculation of monthly costs + fees gets it wrong. and if planing to overpay you need to use your planned payment For 1.14% £999 against 1.49% 0.39 difference over 2years here are the break evens for a few sample terms(shorter term bigger payment). term mortgage size needed 05 £177,208.28 10 £158,394.84 15 £152,982.08 20 £150,415.35 25 £148,919.19 30 £147,940.69 IO £144,415.19

PrinceA71

Just % of people able to afford that but good for you to be able to afford it (pirate)

money.monster

For anyone needing 75% ltv Halifax 2 year 1.31% £999 fee is the best I've found. If you see better do let me know Santander were similar and worth considering if you already bank with them or can open account due to their cashback scheme

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2 Year Fixed 60% Loan To Value Repayment Mortgage 1.24% (plus £490 Booking Fee) @ First Direct
789° Expired
Posted 6th MarPosted 6th Mar
2 Year Fixed 60% Loan To Value Repayment Mortgage 1.24% (plus £490 Booking Fee) @ First DirectFirst Direct Deals
A 2 year fixed mortgage with First Direct with 60% LTV is 1.24% with £490 fee. Repayment typeCapital RepaymentRepayment means the way you choose to pay back the money you borrow. … Read more
BargainSeeker777

Two excellent tools to use for comparison of mortgage deals. First use this one and see your best buys. moneysavingexpert.com/mortgages/best-buys/ Then ask any broker to best these if they can. Second tool is to compare your shortlisted deals, it compares only two deals, but mathematically most accurately. So use for final decision. moneysavingexpert.com/mortgages/compare-fixed-rate-mortgages/

ec9wrr

All very good points. Just remember to add in the up side of renting is you can keep your capital invested. Depending on what it's invested in.... you could be better off renting.

vegalz0r

Any 75% deals?

chrisroth

I love them too. App and banking is good (shares is more ropy, have to use website not app and the website is a bit weird, non-modern), quick to answer the phone and friendly staff and unlimited overpayments and no lock in after fixed periods end. The one I mentioned, I either missed it or it's reappeared. @ 60% ltv can get 5 year fixed @ 1.39% for a £490 fee or 1.64% with no fee (which for most people would work out more expensive I think). I'm making eyes at the 1.39%

gagagaga

Depends how long you're staying (and in my experience you always stay longer than you think because owning is so much more comfortable than renting). Think in these terms. If you're renting, you're paying about 7% of the value of the place each year (maybe more) to live there. You'll normally pay less on a mortgage, so work that into any potential loss. Even if prices fall by say 10% over 5 years, it'll still probably have been cheaper than renting and you'll have had the benefit of being in your own place and not having the hastle of moving, rent increases etc. Also don't forget you're no longer getting interest on the deposit as it's tied up too. Over 2 years you may end with negative equity etc and have been better off renting. Over 5 it's very likely buying is the right thing to do as you'll have gone through any price correction and likely be up both in property value and rent saved. Make sure you keep a contingency when you buy for anything unexpected, and it's best to keep saving a bit after you've bought so you've got money for repairs like a leaky roof/broken boiler that can cost quite a bit (that you don't think about when you're renting).

5 Year Fixed Rate Mortgage 1.24% (60% LTV, £995 product) via Intermediary - First Time Buyers & Movers @ TSB
1222° Expired
Posted 12th FebPosted 12th Feb
TSB have reduced their mortgage rates this morning. Compared with the other mortgage deals posted recently, there is no super-high borrowing threshold (Halifax); thi… Read more
meshosa

How did you get your first mortgage, go through the same process as you have to remortgage or you end up paying twice as much interest.

CarlGordon

Hello all, quick question, my first 5 years mortgage is finishing June 2021, 200,000 house, 40,000 deposit, so borrowed 160,000. 760 per month repayments, unsure of % off top of my head. With Halifax. What happens now, what are my options? Can i change bank, with a lower interest rate and make the payments lower than 760? Massive thanks to any responses!

mr_bargain

I’ve got a 40% deposit thanks so it does happen.

el.nino

40000

BigBoyBezza

It is doable for some people i could have done it but i decided the rent and save juzt to get out of my parents house Theres plenty of others like me