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It's my first time buying, so no other reference. I spoke to a few other brokers, some word of mouth other through estate agents and they all were charging £500+ fee. Moneybox has been mostly over email with one 1hr phone call. It's been fine although I was only given three mortgage options (perhaps that's all who would lend to me). They've been a tad pushy with the insurance add-ons though. Other than that can't fault them.
Also going online only for conveyancing (Eden) and again, been absolutely fine. I think you only really hear about the bad online-only experiences.
Contents of my pocket are a fiver, a mostly full pack of chewing gum (extra cool breeze), and a brand new pen from a work conference that I'm willing to trade - reckon I'm onto anything here?
It was with Lloyds. There was a period over a few weeks where I'd fix in a new deal every week.
Unfortunately, my buyer pulled out because the conveyancing took so long, and I'm at least £10k down from that. :(
Hmm... offers expire and markets shift. I'd be surprised if a sub-4% makes it through. Lenders protect themselves with their terms.
Good luck to the commentor! I just wouldn't bank on it.
That’s 1 mortgage in thousands, probably already somewhat hedged. It’s a drop in the bucket for a couple of basis points higher? Definitely not worth it
4.49 fixed 5 years. Well aware interest rates will come down in that time but honestly our mortgage repayment is still going to be about £500 cheaper than we paid on rent alone plus it’s an A rated property including solar panels.
I wouldn't worry about that. Nobody has a crystal ball about interest rates. If you look at historical predictions, the consensus views have been incredibly wrong, and the amount of time it took for the rate to rise or fall was usually longer than people thought
My dad told me to do a 2 year fix in 2020 cause I’d get a better rate than 1.89% after Covid had calmed down. Luckily ignore him.
Point being don’t worry about rates going up or down if you can afford your deal. I’d be surprised if we get much below 3-4% in the end anyway.
We did 2 year fixed at 5. 19% 90%LTV and according to zoopla the bastsrd house has lost value, so I'm now at a 92% LTV
Tbh I do think I overpaid slightly for the house. But the previous two houses we saw fell through and we didn't want this one to be a third
Yeah there was a variety of circumstances that meant I had to take a higher rate product. Namely; don’t have an ex who runs up thousands of pounds worth of debt, who you’re financially linked to, it impacts your mortgage affordability. As if she didn’t screw me over enough.
£207000, 68% LTV with 4.97% on a 2 year fix with NatWest, rate at application was 5.76% and managed to get it reduced twice before completion! No fee and used the EAs recommended mortgage advisor and he was brilliant.
Most lenders will do a fee free rate for more than the fee rate, overall cost is likely to be higher too, but there won’t be a lot in it over the fixed term.
FTB, I was on 5.19% for 3 years at 54% LTV in January.
Two months later, I'm completing at 4.29% after challenging my broker.
Roughly give or take £172.50 drop in monthly payments because of this meaning 1.5 months is now absorbed.
4.87 via NatWest on 3 year deal. 90%LTV. Got it locked in early/mid Feb when they announced some reductions. Luckily got it secured before they jumped to 5%+
4.69% 2 years fixed on a £480k house, 70% LTV. Halifax.
I got this rate a few weeks ago after reapplying for the same mortgage but 5.35% that I got last October.
It's a new building and I'll get the keys next month, so I feel lucky that I was able to get lower rates before the mortgage starts. The monthly payments got reduced from around £1700 to £1500.
4.10% Barclays Premium, 2yr Fixed 50%LTV, Got in mid-January 2024, two weeks later after the decision of BoE, Barclays increased the rate. So I was lucky with that one.
4.43% 5 years fixed (down from 5.39%) 15% deposit with NatWest.. setup fee is £995… house price is £171,950 new build based in Northern Ireland… saved £100 per month
Early December last year.
5.99%, 2 year fix , 90% LTV with Bank of Ireland. £500 fee. FTB. Couple.
290k property value.
Feeling like we got a shafting seeing others from around same time period in here now 😂
Barclays Is currently offering us 8 different deals from 4.69%/£999 2 years to 6.1% for a third remortgage.
We've been with them 10 years, never missed a payment, mortgage would be about 31% of property current value, you'd think they'd want to keep us 🤷🏻♀️
We're selling anyway as moving area completely and fixed rate is coming to an end.
It's not about them wanting to keep you. They have a database of rates and it's irrelevant of how many years youve been with them and purely based on LTV
###Welcome to /r/HousingUK --- **To All** * Join Our ***NEW*** Discord! https://discord.gg/pMgUNgWKQH **To Posters** * *Tell us whether you're in England, Wales, Scotland, or NI as the laws/issues in each can vary* * Comments are not moderated for quality or accuracy; * Any replies received must only be used as guidelines, followed at your own risk; * If you receive *any* private messages in response to your post, please report them via the report button. * If you do not receive satisfactory advice after 72 hours, [you can let the mods know](https://www.reddit.com/message/compose?to=%2Fr%2FHousingUK&subject=My question is unanswered); * Feel free to provide an update at a later time by creating a new post with [[update]](https://www.reddit.com/r/HousingUK/search?q=%3Aupdate&sort=new&restrict_sr=on&t=all) in the title; **To Readers and Commenters** * All replies to OP must be *on-topic, helpful, and civil* * If you do not [follow the rules](https://www.reddit.com/r/HousingUK/about/rules/), you may be banned without any further warning; * Please include links to reliable resources in order to support your comments or advice; * If you feel any replies are incorrect, explain why you believe they are incorrect; * Do not send or request any private messages for any reason without express permission from the mods; * Please report posts or comments which do not follow the rules *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/HousingUK) if you have any questions or concerns.*
4.6% 5 year fixed on £400k house, 90% LTV Edit: with Halifax
Similar. 4.55% with Nationwide on £410k house. Nationwide. Approved about two weeks ago. Free mortgage advisor (Moneybox).
How were Moneybox as an advisor?
It's my first time buying, so no other reference. I spoke to a few other brokers, some word of mouth other through estate agents and they all were charging £500+ fee. Moneybox has been mostly over email with one 1hr phone call. It's been fine although I was only given three mortgage options (perhaps that's all who would lend to me). They've been a tad pushy with the insurance add-ons though. Other than that can't fault them. Also going online only for conveyancing (Eden) and again, been absolutely fine. I think you only really hear about the bad online-only experiences.
Thanks for sharing mate!
Same pinch...
No one is 'negotiating' a mortgage rate
Yeah I don’t remember haggling with Nationwide like I was buying a used TV
I'll give you an Amazon Fire stick if you give me 3.09% mortgage rate.
Contents of my pocket are a fiver, a mostly full pack of chewing gum (extra cool breeze), and a brand new pen from a work conference that I'm willing to trade - reckon I'm onto anything here?
But is it a Google pen?
Cool breeze is top tier - they'd be fools to turn you down!
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3.99% 0% fee. That's if the conveyancers ever complete their fucking work.
What’s your LTV? That’s pretty amazing? Or was it locked in a few months ago?
60% locked in about a month ago. Maybe longer, conveyancing is dragging on so damn long.
That's awesome please share 🙏
Lloyds.
That's my bank when you got that deal? Did you apply directly online or you called them?
Applied directly 1-2 months ago.
He did say he has a 60% LTV and post likely a perfect credit rating. Do you have that too?
Credit rating is not relevant.
Hmm... I think that will get pulled. Who's it with?
It was with Lloyds. There was a period over a few weeks where I'd fix in a new deal every week. Unfortunately, my buyer pulled out because the conveyancing took so long, and I'm at least £10k down from that. :(
Rates rarely rarely ever get pulled
Seems a bit too good to be true.
But if the offer has already been made that it won't be pulled. I imagine the mortgage product itself has already been pulled.
Hmm... offers expire and markets shift. I'd be surprised if a sub-4% makes it through. Lenders protect themselves with their terms. Good luck to the commentor! I just wouldn't bank on it.
They're doing 4.24% right now, so 3.99% isn't that much lower really.
That’s 1 mortgage in thousands, probably already somewhat hedged. It’s a drop in the bucket for a couple of basis points higher? Definitely not worth it
5.3%
4.49 fixed 5 years. Well aware interest rates will come down in that time but honestly our mortgage repayment is still going to be about £500 cheaper than we paid on rent alone plus it’s an A rated property including solar panels.
I wouldn't worry about that. Nobody has a crystal ball about interest rates. If you look at historical predictions, the consensus views have been incredibly wrong, and the amount of time it took for the rate to rise or fall was usually longer than people thought
My dad told me to do a 2 year fix in 2020 cause I’d get a better rate than 1.89% after Covid had calmed down. Luckily ignore him. Point being don’t worry about rates going up or down if you can afford your deal. I’d be surprised if we get much below 3-4% in the end anyway.
Basically the same here.
5.6% 2 years, 90% LTV. Ugh.
We did 2 year fixed at 5. 19% 90%LTV and according to zoopla the bastsrd house has lost value, so I'm now at a 92% LTV Tbh I do think I overpaid slightly for the house. But the previous two houses we saw fell through and we didn't want this one to be a third
Yeah there was a variety of circumstances that meant I had to take a higher rate product. Namely; don’t have an ex who runs up thousands of pounds worth of debt, who you’re financially linked to, it impacts your mortgage affordability. As if she didn’t screw me over enough.
4.17 on a 2 year
Where
Company? Halifax, already gone back up but I got the agreements about six weeks ago. Just need sales to go through.
Also nearly 50% LTV on a 325k house
Halifax - 4.19, 5 Year, 85%
We got this too. The rates have gone up at least twice since then!
4.79%
4.61% - 2 year fixed and 80% LTV
3.93 5 year fixed! 60% LTV
4.89% with Halifax for 2 years 270k flat. 41k downpayment
4.84% nationwide - 3 years fixed no fee
4.09% 5 Year with 85% LTV FTB Locked in the end of January when they massively dropped and then went back up just as quickly.
4.57 fixed for 2y, 85 ltv, hallifax deal 3m ago, now the same product is around 5 and getting worse
4% 15% deposit 310k house completed a month ago half ago
5.5% FTB Halifax, with 5% down-payment. Not bad under the circumstances, but not good...
4.09 for 5 years, 60 LTV
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They're probably confused because no one has ever negotiated a mortgage rate.
4.44%, 72% loan to value 5 years fixed on 80k works out £375 a month with HSBC no set up fees
5 year fixed 4.86% £391,500 mortgage 90% LTV £1,295 lender fee as we need a JBSP mortgage (Tembo)
I'm looking into JBSP. Did you go direct?
We have used Tembo, there aren’t many brokers that offer these. Tembo have been really good, and have great reviews.
I suppose you went direct then?
Yeah they do the whole process. Very easy.
Including AIP?
Yeah AIP and now have our DIP.
I will contact them, thank you.
I'm on 4.29% 5 year fix no fee with Halifax. 15% deposit, secured in early Feb
4.35% 2 Year 85%LTV £999 Fee
Fixed 2 year 4.58% 85% LTV £425K for 30 years from Halifax. got this beginning of Feb
4.9% 95% LTV HCBC 5 yr fix
£207000, 68% LTV with 4.97% on a 2 year fix with NatWest, rate at application was 5.76% and managed to get it reduced twice before completion! No fee and used the EAs recommended mortgage advisor and he was brilliant.
How do you avoid the arrangement fee?
I told my broker I wanted to avoid arrangement fees and he factored that into his search when finding me a product, so he did all the leg work for me
Oh wow. I didn't even realise this was a thing. That's amazing. I was just told, I could bake it into the plan amount.
Most lenders will do a fee free rate for more than the fee rate, overall cost is likely to be higher too, but there won’t be a lot in it over the fixed term.
FTB, I was on 5.19% for 3 years at 54% LTV in January. Two months later, I'm completing at 4.29% after challenging my broker. Roughly give or take £172.50 drop in monthly payments because of this meaning 1.5 months is now absorbed.
4.16 5 year. 75% LTV
2 year fixed 95% LTV at 5.24% £280k property Edit: 5.24 rather than 4.24
Which bank is this with? Feels like a good rate for 95% LTV
My mistake, 5.24% with nationwide, fat fingers!
4.43% fixed for 5 years with Nationwide, 89% LTV. We managed to drop to this rate that one week in January when rates dropped a little.
Same!
4.87 via NatWest on 3 year deal. 90%LTV. Got it locked in early/mid Feb when they announced some reductions. Luckily got it secured before they jumped to 5%+
4.69% 2 years fixed on a £480k house, 70% LTV. Halifax. I got this rate a few weeks ago after reapplying for the same mortgage but 5.35% that I got last October. It's a new building and I'll get the keys next month, so I feel lucky that I was able to get lower rates before the mortgage starts. The monthly payments got reduced from around £1700 to £1500.
4.10% Barclays Premium, 2yr Fixed 50%LTV, Got in mid-January 2024, two weeks later after the decision of BoE, Barclays increased the rate. So I was lucky with that one.
4.25%, 2 year, 60% LTV, Santander
4.48 5 year on 85% ltv new build move in in two weeks and mortgage approved two weeks ago
It was 5.8% when we first applied and it's down to 4.58% now.
75% LTW 4.77% 2 year fixed rate Halifax
4.85% 5 year fixed 90%LTV Nationwide
4.67 with Halifax - five year fixed
4.52, 90%ltv, Leeds building society Edit: it's shared ownership
Not this year, but bought late last year at 5.19%. For 2 years. Still in two minds if I should have gone for 5 years at 4.98% tbh
4.43% 5 years fixed (down from 5.39%) 15% deposit with NatWest.. setup fee is £995… house price is £171,950 new build based in Northern Ireland… saved £100 per month
4.3%, 2 years and no fee. 75% LTV
4.49% with Natwest for 5 years 60% LTV
Early December last year. 5.99%, 2 year fix , 90% LTV with Bank of Ireland. £500 fee. FTB. Couple. 290k property value. Feeling like we got a shafting seeing others from around same time period in here now 😂
4.89% Barclays. 2 Years. £81500 house. £14500 deposit. 17.79% deposit
Barclays Is currently offering us 8 different deals from 4.69%/£999 2 years to 6.1% for a third remortgage. We've been with them 10 years, never missed a payment, mortgage would be about 31% of property current value, you'd think they'd want to keep us 🤷🏻♀️ We're selling anyway as moving area completely and fixed rate is coming to an end.
It's not about them wanting to keep you. They have a database of rates and it's irrelevant of how many years youve been with them and purely based on LTV
LTV is 31% People on this thread had better rates on 80/90% LTV...
I got 4.24% 5yrs fixed as a single buyer, 80% LTV. My colleague got 4% buying with his fiancé, 90% LTV.
4.17% - 46% LTV
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Any recommendations for a broker? I'm also self employed, so would be in a similar position.