StJP Offset Tracker Mortgage advice options

RJRock

Some advice please.

We're due to reach the end of a 2yr offset variable repayment mortgage and will be going from .44% to 2.5%. We have 70k savings offsetting 117k (current mort balance) and payment will go from approx 750 to 860 per month.

It cost nearly a grand to set up 2yrs ago.

Ideally we'd like to talk them into carrying on a discounted deal without a renewal charge but assuming they would want their pound of flesh we're not putting all our hopes into that option.

We know we are in a fortunate position however some impartial advice would be welcome.

The current deal is with St James's Place but is an IF product.

I'm a high end taxpayer, just, wife is not.

RJRock

Is there anyone out there able to help?

Trying_to_be_good

I thought IF weren't offering new mortgages - so you'll need to look at changing lender and the associated fees.

There are other offset products around - the FSA money made clear (I think that's what it's called) website is good for comparisons.

RJRock

Thanks,

As we went through St J Place to get the IF mortgage initially, we were hoping for a response to our request for options in good time (sent last May).
So we were expecting something from our StJP advisor, who informed us last week he is now leaving the company and not able to help us. We have not been looking too closely at IF specifically hoping an offer to keep us would be forthcoming from St J P.

We still have a month to run and have now got in contact directly with the main group at St J P.

Any new deals so far looked at will cost more than the increased figure will
be with our current deal.

RJRock