Is there a Mortgage Comparison website/table?

B

BetsyClark

Registered User
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Hi

On Friday I thought I had found the best mortgage deal available (250k over 35 years, 4.81% APR, salary multiple of 5.25 times). Today it looks like I may have to shop around again.

Is there an easy or quick way to do this, e.g. a mortgage comparison website where different products are listed side by side?

Betsy
 
BetsyClark said:
Hi

On Friday I thought I had found the best mortgage deal available (250k over 35 years, 4.81% APR, salary multiple of 5.25 times). Today it looks like I may have to shop around again.Betsy
Click to expand...

That rate sounds pretty good - depends on what the value of the property is though. What makes you think it is not the best deal any longer? If you are borrowing over 80% of the value of the house - it is a good deal. If you are borrowing less than 80% - you might get slightly better deals from NIB at the moment. (Trackers I'm talking about).
 
Make sure 4.81% is not a one year discounted variable rate switching to a (possibly much higher) standard variable rate in year two!
 
The 4.81 was with Halifax, so that will have changed today following their announcement and I don't know what it has changed to yet .... NIB's website doesn't allow a 35yr term ....... our LTV is 60%

I complained to my broker that he was incommunicado and that I had found myself a better deal, and all of a sudden he comes up with 4.99% from First Active....... I am all mixed up and confused now ..... Will sleep on it and see what Thursday's Times tells me..

Thank you all

Betsy
 
As I said - make sure that such rates are not one year discounted variable rates!
 
Why over 35 years ? It will cost you more in the long term and is restricting the lenders that will consider you.
You would currently get a tracker of ecb plus 0.6% (4.6%) from NIB over 30 years - and that is the lowest rate you will get in Ireland. (no need to wait for the Irish Times).
The Halifax rate you were offered was probably their Discounted Tracker ECB +0.4% for a year then ECB +0.75%. This was a good offer - they have now increased that to ecb plus 1.1% (apr 5.22) and no discounted period. For 35 years and 60% LTV this is as good as you will get.
The First Active rate 4.95% ? is probably a fixed rate over 3 years - which is the lowest fixed rate at the moment .
If you don't try NIB the above 2 are your next best.
 
as a broker i can tell you that nobody deals with 'everybody' however, a large broker will often deal with 10 or more and will be clued in to exactly what is happening with different lenders and what is expected in lending for that reason a good broker is a very valuable asset, having said that, if you just want rate comparisons you can get that in the paper or with a few phonecalls
 
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