Remortgage query with Brittaina

ginandtonic1988

I had a phone-call from my Lender today I am three years into a five year fix and they offered to fix me in for another five years with no charges.
I am offered 5.34% for 5 years with a 5% early redemption penalty reducing 1% each year for 5 years. I think this is a good deal as interest rates are probably heading upwards. Any comments would be appreciated?

Thanks, Gin

BeauBelle

Hi Gin,

What is your current rate?
Brittanias 5 Yr fix for existing borrowers is 4.74% at the moment with a £599 Arrangement fee. I would consider this offer very carefully.

You have to also consider things like possibly wanting to move in the next 5 years etc as well.

VIGILANT22

BeauBelle wrote: »

Hi Gin,

What is your current rate?
Brittanias 5 Yr fix for existing borrowers is 4.74% at the moment with a £599 Arrangement fee. I would consider this offer very carefully.

You have to also consider things like possibly wanting to move in the next 5 years etc as well.

A range of rates depending on ltv & choice of no/arrangement fee

http://www.britannia.co.uk/_site/channels/mortgage/products/existing-borrower/medium-term-fixed-rates.html

Gorgeous_George

What does your current deal revert to at the end of the fix? Is it a low rate tracker? This may explain Britannia's desire to change your deal and their 'generosity' may be a little deceitful.

Beware of the smiling assassin.

GG

de1amo

im on a svr with brittania and its 2pc---so hope this is a sign they are continuing low svrs for a while more

hansi

I'm coming to the end of a fixed rate (5.99%) in May, and they have said that the SVR rate I will be on after May will be 4.24%. Wish I could get 2%! Their website is not very informative when it comes to displaying their SVR rates!

de1amo

i have no idea how they came to 2pc lol--i just came off a tracker 2 years ago and the rates just kept going down and stuck--i am not complaining but brittainia are not the most informative!! i am looking forward to see how much my members bonus comes out as-its just like xmas!!--i have been with them for about 5 years and this is my first!!

hansi

The first and the last!

de1amo

are they stopping the bonus scheme then??-no one tells me what comes in my post lol

hansi

Yes, the last payment will be made by 31st March.:mad:

de1amo

i suspose it will come in the form of a cheque--i wish they would apply it to my mortgage and make me an ardent mortgage free wanna be!!