What is best fixed rate mtge?

viney

Hi, my Uncle and Aunt are looking to remortgage away from Halifax where they are coming to the end of the tie in on the variable rate.

Can anyone suggest a good rate with decent fees?
Thanks

herbiesjp

HI there

It does depend on what they are looking for the term of the fixed rate and what they class as decent fees.

Also whether they would be eligible for the rates depends on their circumstances.

However there are the following:

A few lenders offering 4.94 or 4.95 for a couple of years.

One is offering 4.79 for two years or 4.99 for 5 years.

As an adviser, I cant "plug" any lender over another without making sure that it would be right for your aunt and uncle in their circumstances.  So not knowing what the loan amount is, term earnings etc. etc makes it difficult to suggest the best option, but these will give ball park figures.

These are also based on no extended tie ins.

If you need any more info let me know

viney

Thanks My uncle and aunty are approx 55 and they will both retire at 60. They will be looking for a fixed rate over say 2-3 years at minimal cost, no tie ins, req approx £85k.

It is likely that they will use a lump sum to repay at retirement but want a repayment mortgage as they have already had their fingers burnt with an endowment with a small lump sum.