Santander! Hold out, switch or do nothing?

Juju5

Hi am new to the forums but was hoping for some claification/advice on a few things.

My 2 year fixed rate at 3.89% is due to run out at the end of September Alliance&Leicester mortgate taken over by Santander. i called yesterday to see what was available in new deals and was given the following options

1. 5 year fixed at 5.99% no fee
2. 2 year fixed at 4.99% no fee
3, 2 year fixed at 4.49 with 499 fee
4. 2 year tracker 3.89 with 299 fee
5. Do nothing and go to SVR of 4.99%

We currently owe 52,850 with 16 years and 8 months remaining, and our home is roughly valued around £130-140,000. I thought these deals weren't particlularly great - Are they?

wondered should I consider calling again a little nearer to the end of my deal and see if they offer any better OR look at other banks/building societies?

I have always been with alliance/leicester and am not sure about costs incurred when changing to another bank/BS legal fees etc

kingstreet

Other lenders have deals where the transfer costs are paid for you. Have a look at options for both staying with your current lender and moving to a new one. Factor-in any fees in comparing the overall cost of the new deal.