remortage advise please

tashamarie70

Hello I hope someone can help me we have a mortage with santander at a current rate of 3.79% our fixed ends in may and they have offered us a rate of 3.99 for 5 yrs and 3.49 for 2 yrs , I have shopped around and l&c offers nationwide with 5 yrs at 3.29 with free legal and 99 £ booking and £99 exit fees seems best deL but we would have to pay the £225 from santander and then the £99 from nationnwide upfront anc the hassel of re value solcitors ect...... we dont have the cash to pay and credit cards will be taking a huge hit this month with car tax mot ect..... are we best to tie in for another 2 yrs with santander Nd hopd for a better situation then or switch and borrow even more money I hope this made sense thank you

kingstreet

I did find myself saying "and breathe" once or twice in that sentence.

IMHO I would get away from Santander and get to Nationwide as fast as you can. The overall deal might not be quite as good, but I know who I'd trust with my mortgage in the future and it doesn't begin with "S."

tashamarie70

Oh sorry its cause im on a tablet and its touchscreen im no good at it lol , thank you , santander have been good really and we havnt got cash or credit to pay fees that's my issue but in 2 years I will be in better position due to having a job fingers crossed .

dimbo61

How much extra will you pay for the 3.99% five year fix?
Long term security and you will have paid more off the debt and May have a better LTV
Check your LTV now and what it might be in 2? or 5? years time
Consider job, income, kids!!! where you want to be

Thrugelmir

tashamarie70 wrote: »

we havnt got cash or credit to pay fees that's my issue but in 2 years I will be in better position due to having a job fingers crossed .

Would your credit history stand up to scrutiny if you changed lenders?

Do you have unsecured debts?

tashamarie70

Credit history should be fine no probs there but I agree with the fact I wuld have payed more of debt off ect and I will be working and kids both at full time school

madkid88

Why is Santander's reputation so bad? I am contemplating Virgin Money or Santander.

Thrugelmir

madkid88 wrote: »

Why is Santander's reputation so bad? I am contemplating Virgin Money or Santander.

Taking a new tougher line. More like HSBC.

Real bankers have taken back control of the aslyum now all the lunatics have left.

madkid88

Thrugelmir wrote: »

Taking a new tougher line. More like HSBC.

Real bankers have taken back control of the aslyum now all the lunatics have left.

Shall I go for Virgin Money even though its more in the five years.

Thrugelmir

madkid88 wrote: »

Shall I go for Virgin Money even though its more in the five years.

Apply to the one that is most suitable for you. Circumstances differ from applicant to applicant.

The better the rate the stiffer the criteria that needs to be met.