Quickie remortgage question (FT remortgager!)

pstones578

I've just been offered the following new deals after coming to the end of my 3yr fixed

term ----%

---

fee

---

payment pcm ----cost over 2 yrs

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inc fees
2 year --4.19

---

£995.00

---

£783.70

---

£18,808.80

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£19,803.80
2 year --4.89

---

£0.00

---

£836.70

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£20,080.80

---

£20,080.80
3 year --5.19

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£995.00

---

£860.00

---

£20,640.00

---

£21,635.00
3 year --5.79

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£0.00

---

£907.50

---

£21,780.00

---

£21,780.00
5 year --5.59

---

£995.00

---

£891.00

---

£21,384.00

---

£22,379.00
5 year --5.89

---

£0.00

---

£915.00

---

£21,960.00

---

£21,960.00


I'm leaning towards the 2yr @ 4.19%

What do you guy's think? It will give us some breathing room for the next 2 years, we plan to overpay over that period to get our LTV to under 75% (it's 81% atm)

Thanks

dimbo61

Hi Peter in 2 years time you would have paid off about £7,000
And 2 years will soon fly past its not a sprint more a marathon
Take it you have a 25 year term
Good luck

pstones578

dimbo61 wrote: »

Hi Peter in 2 years time you would have paid off about £7,000
And 2 years will soon fly past its not a sprint more a marathon
Take it you have a 25 year term
Good luck

We started on 25 year 3 1/2 year ago so we have 21 1/2 remaining. The half year comes from the fact that we would have had to have repaid the £1000 assistance if we re-mortgaged before now. Worked out quite well as we ended up on SVR, which was lower than our fixed APR ;-)