We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Remortgage
captain1000
Posts: 19 Forumite
My current fixed rate mortgage ends in October. It is with Yorkshire Bank and the rate is 6.99%. I currently pay £889 a month.
Questions are,
1) will it cost me to renew my mortgage even if I stay with current Leander
2) what can I expect to pay on a new fixed rate deal?
Questions are,
1) will it cost me to renew my mortgage even if I stay with current Leander
2) what can I expect to pay on a new fixed rate deal?
0
Comments
-
You need to ask them.
If you stick with them...then they can tell you. If you go elsewhere then anywhere from nothing upto maybe £1000.
Your question is far too vague. Not enough info and far too many options for answers.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
When your mortgage finishes its term it will default to another rate - check your documents to see if it is a better deal.
My 3 year fixed rate mortgage finished at the end of April and is now on a tracker, which is a great rate due to the low base rate. I now pay half of what I was paying before and can overpay as much as I like with no penalties. At the moment it is worth sticking to this one and don't need a new mortgage yet unless the rates rise dramatically. Good luck!0 -
Hi. Take a look here http://www.ybonline.co.uk/personal/mortgages/all-our-mortgages/fixed-rate-mortgages/
It answers a lot of your questions. Their 5 year fix at 3.79% is the lowest in the country at the moment. It depends on your LTV percentage which of the fixes you can go for. You can look to renew 90 days before your current mortgage product ends.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards