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Mortgage - renewal query
Esquire76
Posts: 9 Forumite
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
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
0
Comments
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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.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
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