hi chisel, if you remember some seven months ago i asked you for some advice on a mortgage and you advised me that the 3.09% tracker mortgage with no fees from santander suited best. Is this mortgage still around or is there a more suitable one now? As i reminder i'm looking to borrow between 20-50k (property around 190k-220k, no set up costs & extra payments allowed while working. ps i'm self employed
Should be a little better now. For a small mortgage no fees is very important. Abbey do a 2 year Tracker with free valuation and no arrangement fee and £250 cash back. Th erate tarcks the base rate 2.59% over giving pay rate of 3.09%.
You are tied in for two years and you can also overpay by 10% of teh balance per year. Self employment is also fine, as long as yu have been self employed 2 years and can prove adequate income. There are cheaper deals, but it is probably cheaper on a small mortgage to pay a slightly higher rate and avoid the fees.
Let me know if you need anything else
GrestyShould be a little better now. For a small mortgage no fees is very important. Abbey do a 2 year Tracker with free valuation and no arrangement fee and £250 cash back. Th erate tarcks the base rate 2.59% over giving pay rate of 3.09%.You are t