Skipton Mortgages

EDITION

Hi,

Currently got a 2 yrs fixed mortagage from the skipton that comes to an end in Jan but going to discuss what to do with them at the end of this month.

Was thinking of just doing a 5 yr fixed with them and it being a very easy rate change.

Does this sound like an ok deal or am i best going through it all afresh with a new lender?


Cheers

minimike2

Best to check what else is available but Skipton generally have pretty good loyalty deals.

EDITION

Cheers for the reply.

The 5 yr plan is 6.9% but with a £1000 fee.......... Does that sound acceptable?

Also is it worth holding off to see if the new 0,5% cut in interest rates makes it come down before signing up?

JMC39

I would wait a bit. Mine is due to expire in January, however I am hoping that the BoE are going cut the rates further before I take out a new deal. Worse case is that I will move onto variable rate for a few months before making a decision.

minimike2

That sound excessive - will definately be cheaper deals available than that. What is your loan-to-value? Im suprised they cannot do it any cheaper than that.

EDITION

Hi,

We bought the house for £135k 2 years ago, the went up about 25k more at peak, so i was going to say £135k still....... Does this sound right?


Our mortgage will be for about £110k....

So 0.81%.....

We are on a combined income of 44k if that makes any odds

EDITION

That help any?

herbiesjp

You could be looking at around 6.25% with free legal fees and valuation with the same kind of arrangement fee