QuoteIts tricky to compare deals if you are at or near a LTV thresholdQuoteInteresting, any idea where the thresholds sit? We'd be looking for 60-65%, assuming the most recent valuation holds...No idea to be honest. I dont know if there is any consistency across lenders on this but I would have thought you can access most of the best deals with 60-65%. I found there was either a slightly higher rate or higher fee between say 70 and 75% LTV and if you are just guessing on the value of your house its hard to compare deals.
Its tricky to compare deals if you are at or near a LTV threshold
Interesting, any idea where the thresholds sit? We'd be looking for 60-65%, assuming the most recent valuation holds...
Just been told by the wife that the boe base rate may Be cut to 0.25% next month.
Just to confirm, Habrich. Do you mean to say that the most sensible option is to take a low rate and put the excess money into some financial product or other?Without getting into more complicated products, cash ISAs are paying out between 1.5 and 2.5% at the moment, so with borrowing rates being consistently higher it makes more sense to me to put excess money into overpayments (with some still going to the cash ISA rainy day fund; haven't got round to a stocks and shares ISA yet) insofar as early repayment rules allow.Stabbsy sent me a PM with some useful stuff to consider so need to scratch our heads a little more yet.
1. Will be able to keep a contingency fund (something like 3-6 months take home) somewhere you can get it fast?
We have an old woolwich mortage from long ago and we're paying something daft like 0.25% over base and its as flexable as you want it to be and we have a reserve account on it. Won't be changing it anytime soon
If you're looking to remortgage we''l do 'mates rates' for the conveyancing.
interest on borrowing is always more than interest on saving accounts
5 year fixed rate of 2.89% or a 2 year fixed rate of 1.89%.
Quote from: Sloper on March 02, 2015, 10:49:00 amIf you're looking to remortgage we''l do 'mates rates' for the conveyancing.'cause my ignorance, but why do we need conveyancing for a remortgage? Get it when you are 'buying' the house from someone, but can't quite understand why I need solicitors for a remortgage?