Hi I have got two mortgage quote one found via a broker and one I have found myself, struggling to decide which one is better and advice much appreciated:
Mortgage 1 via broker (leeds building society)
5 yr fixed at 3.39%, svr 5.99%
80% ltv
arrangement fee £800
booking fee £195
valuation fee £335
admin fee £65
Mortgage 2 found myself (ING Direct)
5yr fixed at 3.74%, svr 3.99%
80% ltv
product fee £300
booking fee £195
valuation fee £150 - returned if proceeding
Though mortgage 1 , has a much better interest rate the fees are higher and the SVR is 2% more. For these reasons I am now considering mortgage 2. Both mortgages have the same penalty charges, and can make 10% over payments a year. Can anyone help?
Mortgage 1 via broker (leeds building society)
5 yr fixed at 3.39%, svr 5.99%
80% ltv
arrangement fee £800
booking fee £195
valuation fee £335
admin fee £65
Mortgage 2 found myself (ING Direct)
5yr fixed at 3.74%, svr 3.99%
80% ltv
product fee £300
booking fee £195
valuation fee £150 - returned if proceeding
Though mortgage 1 , has a much better interest rate the fees are higher and the SVR is 2% more. For these reasons I am now considering mortgage 2. Both mortgages have the same penalty charges, and can make 10% over payments a year. Can anyone help?