Mortgage advice

Grover2000

Please can someone advise me?

I have a mortgage debt of £11,100 and in a repayment type variable rate currently at 3.99%.

Is this the best deal or should I fix the rate.

Any help is greatly appreciated

Grover

Dave_Ham

No-one on here can provide formal advice, but happily give an opinion.

If this is £11k and not a typo, no new product will make a material difference to the cost.

Grover2000

Thanks for the reply and yes it is not a typo.

So that mean there is no saving to be made over the remaing 15 years I have?

Any help is greatly appreciated

Grover

Dave_Ham

There is certainly likely to be a lower rate, although you must ensure it is entirely fee free. Additionally, many lenders have a minimum amount higher than your mortgage so this should be the first thing you should check.

My gut says it will not be cost effective to try and move this.

You could ask Halifax what retention products they have with no product fee and probably a small saving there, in addition to the assurance of a fixed rate?