Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Dusty on 20 March 2009, 11:03:33

Title: New Fixed Rate Mortgage
Post by: Dusty on 20 March 2009, 11:03:33
I have just telephoned Bristol & West, and have asked them to give me their best rates for a mortgage fixed over the next three years.

Certainly Madam- 5.19% fixed for the next three years with an administration fee of £799 :o :o :o :-?

I asked them if they were aware that the current interest rate was 0.5%, - selling new mortgages at good rates of interest is not our priority was the reply. :-X :-/ :o

I'll stick to the 2.99% variable for now :-* :-* :-*
Title: Re: New Fixed Rate Mortgage
Post by: HolyCount on 20 March 2009, 13:06:20
No -- the priority is to do over the british taxpayer  >:(
Title: Re: New Fixed Rate Mortgage
Post by: Chopsdad on 20 March 2009, 19:28:20
Quote
I have just telephoned Bristol & West, and have asked them to give me their best rates for a mortgage fixed over the next three years.

Certainly Madam- 5.19% fixed for the next three years with an administration fee of £799 :o :o :o :-?

I asked them if they were aware that the current interest rate was 0.5%, - selling new mortgages at good rates of interest is not our priority was the reply. :-X :-/ :o

I'll stick to the 2.99% variable for now :-* :-* :-*

Base rate predicted to be at 4% within 3 years, but even so it's not a good deal.

Natwest 3 year fixed 4.29% with £499 fee.
            5 year fixed 4.69% with £299 fee.  :y

I'm sure there are others out there if you look hard enough
Title: Re: New Fixed Rate Mortgage
Post by: HolyCount on 20 March 2009, 19:40:21
The problem, of course, is qualifying for the mortgage in the first place -- not too bad if remortgaging -- but the first timers are still finding it impossible to get onto the ladder and, in the great conveyancing chain, they are the life blood !
Title: Re: New Fixed Rate Mortgage
Post by: tunnie on 20 March 2009, 22:22:46
Quote
Quote
I have just telephoned Bristol & West, and have asked them to give me their best rates for a mortgage fixed over the next three years.

Certainly Madam- 5.19% fixed for the next three years with an administration fee of £799 :o :o :o :-?

I asked them if they were aware that the current interest rate was 0.5%, - selling new mortgages at good rates of interest is not our priority was the reply. :-X :-/ :o

I'll stick to the 2.99% variable for now :-* :-* :-*

Base rate predicted to be at 4% within 3 years, but even so it's not a good deal.

Natwest 3 year fixed 4.29% with £499 fee.
            5 year fixed 4.69% with £299 fee.  :y

I'm sure there are others out there if you look hard enough

That for re-mortgage only?

What kind of % deposit would you need on a first buy?