Mortgage advice needed please

Mum-2-4

This is my 1st post, so please be gentle....
Our current mortgage is due to end Dec 06. Valuation of the house £225,000, mortgage required £91,700 over 19yrs.
We are looking for a fixed mortgage for 5yrs (as we are sick of paying fees every 2yrs to the same mortgage lender). We were hoping for some flexiblity as we may have an extention in the near future.
I have seen Northern Rocks's current deal over 5yrs flexi initial rate 5.44% no booking/arr fees, valuation fees £505, legals £200, which will be refunded after completion.
How does that sound? Any help much appreciated

herbiesjp

First port of call, would be your current lender - ask them what 5 year fixed deal they could offer.

Then you can see what else is out there and compare - there are several lenders that will agree a limit for you, although you do not have to borrow all the oney at the outset.

For example, You agree a re-mortgage of £125k. When the end of Dec comes you can re-mortgage the £91,700. When you decide to do the work, you are then able to draw doen the other funds as and when you need them. You only start to pay for these extra funds when you draw the money down, and not when you complete the re-mortgage.

There may well be better deals out there for you, but difficult for anyone to say without knowing your current situation.

HTH