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Are these decent re-mortgage rates??
Poppy_Kennedy
Posts: 79 Forumite
Hi there
We are just approaching the end of a 5 year fixed rate of a whopping 5.59% which was on part repayment and part interest.
Santander who is our lender has offered us the following rates based on a mortgage of £257,000 over a period of 17 years, our property is worth around £480,000-500,000. We may borrow an extra £7,000 for a new roof.
2 year fixed: 1.99 %
3 year fixed: 2.69 %
5 year fixed: 3.09%
we are considering fixing for 3 or 5 years. We will be paying approx £900.00 a month off the capital by keeping the term just 17 years.
Do you think i could get better or do these look good?
We have been paying over the odds for so long i am desperate to start paying off the capital.
many thanks
We are just approaching the end of a 5 year fixed rate of a whopping 5.59% which was on part repayment and part interest.
Santander who is our lender has offered us the following rates based on a mortgage of £257,000 over a period of 17 years, our property is worth around £480,000-500,000. We may borrow an extra £7,000 for a new roof.
2 year fixed: 1.99 %
3 year fixed: 2.69 %
5 year fixed: 3.09%
we are considering fixing for 3 or 5 years. We will be paying approx £900.00 a month off the capital by keeping the term just 17 years.
Do you think i could get better or do these look good?
We have been paying over the odds for so long i am desperate to start paying off the capital.
many thanks
0
Comments
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These look good - you could do better.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Thanks amnblog - do you have any lenders in mind?0
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I do. But I can't tell you on this forum.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
oh i see ok - thank you anyway0
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