Wanting to fix now unsure what to do?

toughtobeabug

Hi was just after a few peoples opinions, I was looking to fix our mortgage for the next 5 years as I like to know what were paying and also starting a family,

we are currently stuck on A&L SVR 4.99 and was looking to fix with post office at 5.55 for 5 years as were on a high SVR rates would have to rise alot to reach the fix deal rate even if there are no rises for another 18mths?

Unfortunatley the house has been valued at 150k did need 155k to get 85% LTV the three options are.

1. reduce amount want to borow by taking about 4K out our savings

2. Opt for a 90% product which is 6.29%

3. Stick with A & L and try and overpay to improve LTV

I was told I could argue the valuation, but would it really be worth bothering?

Any thoughts or opinions appreciated thanks