Hi

Im looking for the best deal for a mortgage(as are we all) ive got around 80k depsoit im looking at houses worth 300k and we have a joint yearly income of 40k.

Abbey offered 200k on a 3 years fixed at 5.52 they want the full 80k depsoit of course...anyone know of a better deal?

Many thanks

Ignoring the headline rate itself, I think you will struggle to find many other lenders who are prepared to offer you 200k based on a joint salary of 40k. I trust you can afford the repayments?!

That said, the rate is as good as you can get at the moment. The only 3 year fix that I'm aware of that is any lower is another of Abbey's at 5.47% with the same £999 fee as yours but without the free val.

My advice: take it. Take it, now.

Talk to a mortgage advisor.

Remember that 3 years fixed at 5.52% with Abbey could well be worse than 3 years fixed at 6% with someone else if Abbey's charges are high. Remember also that, in 3 years, you will have to go through the whole process again with another lot of fees. Personally I favour mortgages that last for longer.

The mortgages that will be availble for you and your property will be different to the mortages that will be available to someone else so, in my view, you should speak to a mortgage advisor to see if there is anything available for you that you like better than the Abbey deal.

Cool thanks very much for that...we can afford the repayments 1126 a month ...30 year deal...we earn around an extra 20k in overtime but they dont really take that into account,so not worried about that...just wondered if it was a good deal.

Will seek out a mortgage advisor asap too.

Thanks again