Best 2yr Fix 45% LTV?

alarmed

Just being a bit cheeky really but I'm due an appt with my mortgage advisor in a couple weeks time to discuss a new mortgage and wanted to get a feel for the best current rates for our LTV range?

Just received a 'renewal' letter from our current lenders Natwest offering the possibility of :
-2yr fixed no fee 2.69%
-2yr tracker £1495 fee 1.95%

Can these be beaten?
Currently paying 2.45% fixed due to end in Dec.

Thanks as usual
F

ACG

It depends on the size of your mortgage as you need to weigh up whether a high fee is worth paying or not.

Rates of around 2-2.5% would be a ball park area to be looking at.

Leave it to your broker though, its not in their interest to choose you anything other than the best deal for you - i say deal rather than rate as fees need to be taken into account along side whether you want a fixed/tracker/offset etc - which may not be the lowest rate.

ferry

Many thanks
Out of curiosity can fees be added to the new mortgage and does it usually make economic sense to do this?

What would I need to consider if doing this to secure a lower rate?

Thanks for the ongoing advice

ACG

Fees can be added yes.
At the LTV of the original poster then it wouldnt make much difference as the majority of the lowest rates have LTVs of 60% - so adding a fee is unlikely to make any difference to the rates available.
As for whether it makes economic sense, it depends on the rate you have, whether you would prefer to have the money in readily available cash/savings or not. For the sake of £1k its unlikely to make a massive difference one way or the other and so i would generally say it should come down to personal preference but your broker can tell you the difference it will make to your monthly repayments.