95% LTV Mortages

clembo2004

Hi there, I am a bit new to this so please excuse me.
My wife and I have an A&L 3 year fixed mortgage @ 5.79% which will expire at the end of September this year. Because of the downturn, the A&L Halifax pricing tool/index has put our property into the 95% LTV bracket. Therefore A&L have offered us 4.99% for 1 year with a £599 fee. Question? Is there any other lender out there who can provide a better deal? I have a feel that the A&L is the best I can get?
kind regards

_Andy_

At 95% you're right, that will be the best you can get.

beecher

You'll be unable to move unless you can get the LTV down to at least 90%. Will A&L offer a longer deal? You might be better staying on the SVR as it may work out cheaper, and the 1 year deal doesn't give you much protection over increasing rates anyway.

dougk_2

I'd just leave it to go onto the SVR which will be lower than the rate you are paying now and you won't hvae to pay a fee. Surprisingly when I look at their website the SVR is 4.99% which is a pretty poor rate.