Skip to main content

Mortgage Rates Ending Soon

Talking about Mortgage Rates Ending Soon… THIS is how we do it!!

Dear Example Customers

Many thanks for your email below.
 
Summary
 
Valuation £459,150. Loan amount £280,343. Remaining Term 28 Years.
 
I’ve done the research looking at 2,3 and 5 year fixed across the market together with Halifax product transfers and here are my findings sourcing the cheapest deal over the fixed rate term below:
 
Open Market
 
Coventry BS 2 Year Fixed 4.46%. Monthly Payment £1,467. Lender Fee £1,007 (added)
 
Coventry BS 3  Year Fixed 4.41%. Monthly Payment £1,459. Lender Fee £1,007 (added)
 
Barclays 5 Year Fixed 4.20%. Monthly Payment £1,425. Lender Fee £1,034 (added)
 
Halifax Product Transfer
 
4.88%  2 Years Fixed   Monthly Payment £1,532 Fee £0
4.53%  2 Years Fixed   Monthly Payment £1,480 Fee £999 (added)
4.50%  5 Years Fixed   Monthly Payment £1,468 Fee £0
4.36%  5 Years Fixed   Monthly Payment £1,452 Fee £999 (added)
 
There isn’t allot in it as you can see however yes, if you stay with Halifax we have no need to go through an application and can simply book the rate. If rates reduce before the new rate starts, I can change it as well.
 
I would put a note in the diary 4 weeks before the new rate starts for the PT to check again.
 
Please let me know your thoughts and if you have further questions.

Best wishes
Your trusted advisor!

Comments

Post a Comment

Popular posts from this blog

Always Open to Enquiries 🥰 Choose Us For…. New Build Mortgages Buy to Let Mortgages Equity Release Mortgages The Scottish Shared Equity Scheme Commercial  Mortgage Self-Build & Renovation Finance Life Insurance Income Protection Insurance Building & Contents Insurance Secured & Unsecured Loans Refinancing Facilities Expert Independent Advice Dedicated, Professional Service www.borderms.co.uk
Post a Comment
Read more

Today we’re talking about insurance protection….

Young adults need life insurance too   A recent report has found that most young adults in the UK do not have life insurance 1 , even though it is one of the most important financial products that you could have.    Cost-of-living crisis Over half (51%) of adults aged 18-40 admitted they do not have life cover, with many concerned about affordability due to the higher cost of living. But it is more important than ever to make sure that your loved ones have a financial safety blanket, so they do not have to fend for themselves if you are no longer around.    The cost of losing someone It is estimated that the death of a breadwinner costs their surviving family an average of £195,000 over ten years. However, this only covers the cost of essentials – the likelihood is that it will cost the bereaved, surviving partner more.    Even if you are not the main breadwinner, life insurance is still relevant to you – any caring responsibilities you have would fall...
Post a Comment
Read more

Today we’re saying …..

  UK inflation rises for the first time this year Does this reduce the likelihood of a second base rate cut next month? By  Rommel Lontayao 14 Aug 2024 Share Annual inflation in the UK increased to 2.2% in July 2024, up from 2% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. The Consumer Price Index (CPI) fell by 0.2% on a monthly basis in July, compared with a decline of 0.4% during the same month last year. The ONS reported that the largest upward pressure on the annual inflation rate came from housing and household services, where gas and electricity prices dropped by less than they did in 2023. In contrast, the biggest downward contribution was from the restaurant and hotel sector, where hotel prices fell this year after rising in the previous year.
Post a Comment
Read more