Remortgage giving me headache

MiM

I've just realised that it's over two years since I first decided to remortgage because my discount has ended and anxiety paralysis has meant I still haven't done it. Can anyone help?

I got Martin's booklet but it left me more confused than ever, with more questions than answers. The golden rule seems to be "it all depends" but I just want to get a good deal and get it over with. I went to L&C but their deal didn't seem that much better than what I've got now.

I'm with Standard Life who have offered me a three-year discounted at .4% off SRV of three-year stepped starting at 1% off then doen to .2% in year three for an arrangement fee of £299. Doesn't sound great to me.

The mortgage is around £44,000 (with penalties of about £170 payable on a small percentage of this that was a drawdown). The property is worth about £140,000 now and I'm earning about £30,000. I wanted to keep it simple and just look for the best two or three-year discounted deal over a 15-year term.

Please could someone put me out of my misery and tell me there IS a simple answer?

Many thanks all!

herbiesjp

Standard life are not top of the rates at the moment so I would have thought you could find a better rate. With a low loan amount, you would have to find a scheme with no or low fees to make it worthwhile also

whatif_2

I've sent you a PM with link to a remortgage which you may want to look at.

Didn't post it here as I'm not sure if it's allowed?

MiM

Thanks both of you for your kind help.

The Brittannia deal sounds excellent Whatif, just what I wanted. If you don't mind me asking, are you pertty savvy with these things?

Many thanks again,

Mike

whatif_2

MiM wrote:

I wanted to keep it simple and just look for the best two or three-year discounted deal over a 15-year term.

You're welcome Mike.

MiM wrote:

are you pertty savvy with these things?

I'll have to let you be the judge of that but please let me know if you find a better deal!

Regards
whatif

MiM

Ive takn the Brittania deal and am just waiting for it to go through. Very pleased, many thanks. By the way, it's not available any more sadly.

payless

If this suited you - Did L&C not also offer you this deal

Fairdo_2

Payless
"If this suited you - Did L&C not also offer you this deal"

Britannia don't pay a Proc Fee and L&C don't charge Fees, so I wonder if that is why they do not have it on their availability list?????

I could be completely wrong and I don't know whether L&C have a panel of lenders or access to the whole of the market in the true sense.

I know that I have access to the whol emarket within my network, but I do not have access to the likes of HSBC, Britannia, Direct Line, etc.

whatif_2

Glad you liked it MiM