The lowest fixed mortgage rate in 5 years!

Morning all, We thought you may be interested in this offer. Fresh from our recent landlord seminar at Oxford Spires Hotel, and with the new tax changes now officially in force, now is a very good time to be looking at your current circumstances to determine the best way to protect your biggest investments. Lowest 5 year fixed rate in history... by a mile The lowest ever 5 year fix was launched today at 1.29%. We're assured it's not a mistake but you can be certain it won't be available for long. Arrange a callback with one of our advisers on our website. Representative example: A mortgage of £193,051 payable over 23 years, initially on a fixed rate for 5 years at 1.29% and then on a variable rate of 3.75% for the remaining 18 years would require 60 payments of £809 and 216 payments of £1,045. The total amount payable would be £275,160 made up of the loan amount plus interest (£81,209) and fees (£900). The overall cost for comparison is 2.83% APRC representative. Earlier in the week Nationwide announced that house prices had dropped in March for the first time in almost two years. Bear in mind though that the House Price Index for the whole of the UK had risen 15% in the last 2 years and 30% in the last 4. How does this affect me? If you aren't looking for a new property and are happy in your home it's easy to ignore the UK housing market. However, increasing property prices can affect your mortgage in a positive way. An example Say you bought a property for £200,000 in 2013 and took out a 90% mortgage (£180,000) over 25 years. 4 years later, if the property has increased by the UK average of 30% it will now be worth £260,000. Even if none of the mortgage capital had been repaid this is a new loan to value (LTV) ratio of 70%. And a lower LTV ratio means less risk for the lender and therefore a better rate for you.  How much can I save? You can use our house price calculator to work out the change in your area and our best buy tables below to work out the potential savings. Happy Easter everyone! Residential Best Buys Buy To Let Best Buys

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