fixed rate ending not sure what to do!!!!

kahless

hello,
i'm maybe thinking of this a little early but my 2 year fixed rate with hsbc is coming to an end in june, i've had a mortgage for 4 years now first one was with abbey for same rate, 5.09%, for the last year i've been paying in sometimes £50 sometimes £100 extra per month making payments £714/£764, hsbc lets me pay upto 20%more throughout the year with no extra charge.
I like knowing what my payments will be each month as really £800 would be my limit so if anyone out there could give me some idea's of what to do i would be much appreciated
Should i wait until my fixed rate finishes and just go on hsbc rate (surely this will be less,i'm not sure what it is just now)or look to getting a new 2 year fixed rate hopefully this would be less also,i'd like to continue to overpay also.
We bought our house in 2006 for £123,500 our next door neighbours sold last november for £165,000 and i'm currently building a family room on the back of house so value should be around £170,000 when complete. (before june!!!)mortgage will be down to £103,000 come june we put a £13000 deposit down when we bought.
Look forward to reading everyone's thought's, idea's thanks

Alisonb1975

My current deal is ending in a few months so I have also been looking around for a better deal. I also have a limit on what I can pay on my mortgage so have chosen a fixed rate for 4 years with no fees for 4.69. Unfortunately I wont be allow to make any overpayments (which I have been) but will pay the same as I am paying at the moment and reduce the mortgage term by 3 years. I did consider a tracker but like you I do want to know what my payments are. Some of the arrangement/booking fees ect are expensive so check all of this as well to get a proper comparison.

HarrowArrow

HSBC 2-year fix (4.14%) looks quite good for existing customers, no ? No mortgage costs/hassles by sticking with them.

existing customers fixed 2 year no fee

That's just .2% higher than their SVR (3.94%) - good.

Not sure I would go for a 5 year fix these days, I did this and now paying 4.69% (deal ends December) when Nationwide BMR has been 2.5% for about a year!

kahless

thanks for that,yes five years is a long time think i'd be better off with two as who knows what might happen i might even want to sell by then.I'll look into the hsbc deal though as you say it might be better as i won't have any of the high fees to pay,cheers