my 2 year fixed is about to end , i need advise please

jamesey

hello , ive got a 5.45% 2 year fixed mortgage for £56100 that is owed on our house its coming to an end on the 30th of june we have had an intrest only for the last 10 years and at the moment im paying £255 a month and £80 a month for a endownment.
im wanting to start a repayment mortgage on a £56100 on a fixed rate either 3,5,10 years , im going to keep my endownment on i just want to take a chunk off the 56k

now ive had a guy from the royal bank of scotland phone today (thats who im with with the mortgage) i just want to know if it sounds ok , hes offering
3 year fixed repayment for £396 a month @ 3.39%
5 year fixed £414 @3.99
10 year fixed £435 @4.89
does this sound good or rubish
im concerned about the 3 year has a £699 fee and the other 2 have a £999 with them whats all that about i thought they would welcome the custom not scare people off with a 1k bill
if anyone can help me out with either a deal or advice that would be great thanks jon m

jamesey

jamesey

ive just rung the bank up rbos and the arangment fee for 5 yr fixed 3.99% payments of £414 a month is actually a £99 arrangment fee with existing mortgage customers
does this sound ok??

lilacrose

I'm no expert but have been keeping an eye on fixed rate deals on this forum for a few weeks, and this sounds good to me.

Peelerfart

No expert either but A+L were doing 3.99% 5 year fix a few weeks ago. The folks here were lapping it up until A/L pulled the deal.

Even add it's own thread if you want to search, and I'm damn sure it was more than £99 fee.

dimbo61

Yes the 5 year fix is a damm good deal and £99 fee is great.
Check if you can overpay and if allowed then overpay as well.
You have had a loan INTEREST ONLY for the last 10 years and still owe the same amount on the house ( which will I hope have gone up in value)
Under 4% is a good deal and the sooner the mortgage is paid the less interest you pay.

jamesey

yes the house was 59500 we put a dep down on it taking it to 55ish the house from 1999 went from 59000 to 180000 to the present day ive added a consevatory and have got a double garage now , i bought at the right time:beer: