Would like to fix for 5yrs - best deal?

Ivrytwr3

Hey all,

We bought a property in 2005 and were on a 5 year fixed - this expired in Dec 2010.

We then sold that property and bought another in Oct 2010 at a higher price. We ported that mortgage and got another to cover the full price of the property at 85% LTV.

So we now have 2 x mortgages for the same property (with me so far?!)

Loan Amount: £145,562
Repayment Term: 25 years.
Repayment Method: Repayment
Purchase Price: £171,250

Thismortgage is provided by Alliance & Leicester plc.

Part 1 of 2

Loan Amount: £69,955.00
Repayment Term: 25 years
Repayment Method: Repayment
Initial Rate Payable: 4.24%
Product Description: Porting Lifetime Tracker
The Base Rate Tracker rate is a variable rate which is 3.74% above the Bank of England base rate,
currently 0.50%, for the remaining term to give a current rate payable of 4.24%.

Part 2 of 2

Loan Amount: £75,607.00
Repayment Term: 19 years
Repayment Method: Repayment
Initial Rate Payable: 4.54%
Product Description: 5 Year Fixed Rate
The fixed rate will be 4.54% and will end after 3 months. (Fixed until 31st December 2010.)
When the fixed rate period expires we will charge interest on the money you owe us at
the following Base Rate Tracker rate, which is a variable rate which is 0.75% above the Bank of
England base rate, currently 0.50%, for the remaining term to give a current rate payable of 1.25%.

We are now looking to fix the first part of the mortgage for 5yrs. It is 85% LTV with Santander.

Any advice on what mortgages are out there at the minute? Or what you would do in our situation?

(we really are mortgage newbies )

Lois_E

You may get more of a response to this question if you post it on the Mortgages and Endowments board, although the people on here are very friendly and helpful, and may be able to advise you anyway.