Looking for remortgage from Santander SVR

jase_31

I currently have a mortage (interest only) with Santander (was Abbey). The initial term ended a couple of years ago and I am now on the SVR which is 4.24%.

The property is in England, and was purchased for 145000 in 2007, with a mortgage of 85000 (LTV 59%). The value is now around £115000 which brings the LTV up to 75%

Property is sole owner, income (employed) is £26Km with no credit issues.

I would consider a 2-3 year fixed as rate will increase but it seems that the rate increases are already built in, and therefore a BRT may be preferred.

I have looked at the bet buy tables etc, but to legal fees, booking fees and valuation costs seem to kill any saving - hence I have stayed with Santander at SVR.

What deals could I get at the moment?

GMS

jase_31 wrote: »

I currently have a mortage (interest only) with Santander (was Abbey). The initial term ended a couple of years ago and I am now on the SVR which is 4.24%.

The property is in England, and was purchased for 145000 in 2007, with a mortgage of 85000 (LTV 59%). The value is now around £115000 which brings the LTV up to 75%

Property is sole owner, income (employed) is £26Km with no credit issues.

I would consider a 2-3 year fixed as rate will increase but it seems that the rate increases are already built in, and therefore a BRT may be preferred.

I have looked at the bet buy tables etc, but to legal fees, booking fees and valuation costs seem to kill any saving - hence I have stayed with Santander at SVR.

What deals could I get at the moment?

Have you asked Santander what they have on offer?

dimbo61

your current lender has 2 year deals at 3.89% and 3 year deals at 4.15% for existing customers with a LTV of 75%.
This is less than you are paying now !