Am I being offered a good deal on a remortgage?

CWSG · 12 September 2008 at 4:10PM

I have a five year fixed rate deal (4.69%) on a repayment mortgage with Abbey which comes to an end in December this year. I believe my house is now worth about £150,000 and my outstanding mortgage is approx £63,000. I have never missed a mortgage payment and have no CCJs etc though I do have a number of credit cards and a sizeable unsecured loan. I had planned to fix again but for a shorter period as the market looks to be picking up slightly and I don't want to be tied in to a high rate, though I do like the security of knowing what I will be paying each month so would be nervous of taking a tracker or variable rate.

Initially Abbey offered me the following options:
2yr fixed at 6.14 with a £499 arrangement fee
3yr fixed at 6.14 with a £100 arrangement fee
5yr fixed at 6.14 - not sure of fee as didn't want to fix for so long

They asked what I thought of the rate and I said it was too high. A quick call to marketing 'found' another rate as I am apparently a valued customer. They are now offering:
2yr fixed at 5.94 with an £899 arrangement fee
3yr fixed at 5.84 with an £899 arrangement fee
or 3yr fixed at 5.94 with a £399 arrangement fee
I will need to include arrangement fees into loan as I can't pay that amount up front.

All are fully portable (though have no plans to move), have a 3% early redemption fee but a 10% capital repayment is allowed without charge.

Do any of these options sound like a good deal or should I shop around and be prepared to pay additional fees for switching?

Any help much appreciated!