Mortgage - renewal query

Esquire76

Hi there,

I wonder if somebody could offer some sensible advice regarding my mortgage please? I had a 2-year fixed rate deal (was 4.09%) which has now come to an end and decided to stick with my current lender (Natwest), they have offered me two I'm interested in:

2 year fixed rate, initial rate 3.59%, 4% APR, no fee
5 year fixed rate, initial rate 4.09%, 4.2% APR, no fee

So essentially I'm assuming I could carry on at my current rate for the next 5 years, or get a slightly cheaper rate for 2 years. My loan to value is 75%.

Any recommendations? All advice welcome!

Aaron

kingstreet

There are better sub-75% remortgage rates available and you get your transfer fees paid. It's upto you if you want to look at them.

The choice of product is upto you and your circumstances, I'm afraid.

Crashandburn

Esquire76 wrote: »

with my current lender (Natwest)

Check the date of the offer from them as they have reduce rates. Might be worth getting their new deals to help make the comparison.