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Best mortgage deal

2 replies

fragglerocker · 31/05/2012 15:52

Currently on a fixed rate which ends in July and am trying to see if there are any better deals around. With Nationwide at the moment, a 5 year fixed rate 6.7%. We're looking for a 2 year fixed rate this time but don't know where to start looking! Tried Halifax, who we have our current accounts with and they found us a really good deal (2 year fixed 3.something%) but the house was valued less than we expected and this pushed the monthly payments up to more than what we pay now. Any recommendations?

OP posts:
Itsboywonder · 31/05/2012 15:59

We are just remortgaging, we used a broker (London and country) they don't charge anything. They found the best deal for us was a 2 year fixed with the Abbey. Rates do depend on the loan to value ratio though so what's good for us may not be good for you.

CogitoErgoSometimes · 31/05/2012 16:12

I'd also recommend an independent mortgage broker. Cuts down a lot of the legwork. Would also recommend 'don't rush'. The standard variable rate is still very attractive at the moment so if you default to that at the end of your fixed rate, it's not the end of the world.

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