Best deal fixed rate repayment?

Dalglish · 29 January 2011 at 4:24PM

Hi
I have 13 years of £158,000 outstanding on my property and would like to know what the best way to reduce the term with a competitive fixed rate repayment to say 10 years. Are there any good lenders/ deals out there?
Many thanks

Thrugelmir · 29 January 2011 at 5:12PM

What is your current mortgage interest rate?

Peelerfart · 29 January 2011 at 5:45PM

Or would an offset be better for you ?

So many questions..........

ViolaLass · 29 January 2011 at 6:08PM

Dalglish wrote: »

Hi
I ...would like to know what the best way to reduce the term with a competitive fixed rate repayment to say 10 years.

Either overpay or make an arrangement with the bank for your fixed monthly payment to be higher. Sorted.

Are there any good lenders? Yes.

(You need to consider your current interest rate, possible rates you could get elsewhere, whether that will allow you to overpay, your LTV, any ERCs etc etc. You haven't given us enough information for us to be able to say anything too constructive.)

dimbo61 · 29 January 2011 at 7:15PM

What are you looking for ? 10 year fixed rate deal ? unlimited overpayment facility ?

getmore4less · 30 January 2011 at 12:29AM

Dalglish wrote: »

Hi
I have 13 years of £158,000 outstanding on my property and would like to know what the best way to reduce the term with a competitive fixed rate repayment to say 10 years. Are there any good lenders/ deals out there?
Many thanks

£158k 10 year fix, repayment

at 5% will be £1676pm

at 0% it is £1317pm

what rate can you afford?

dimbo61 · 30 January 2011 at 4:12PM

Yorkshire BS do a 10 year fix at 4.99% fee £1495 LTV 60% so £1676/month if g4l is right about his figures which I am sure he is!!!

Best deal fixed rate repayment?

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