fixed coming to an end

polomint_2

:beer: ok here are my options im sooo confused would really like you lovely peoples input please.

Option one
ok so i can pay £5`000 off the term.. bringing my mortgage down from 6years 7months to 5 years 5 months. Then monthly payments will be £652. fixed for 2 years.

option two
2.49% fixed for two years £613.08 a month
pay off £5`000 off monthly payments £544.30 a month
pay off £8`000 off monthly payments £503.18 a month

option three
2.99% fixed for three years £623.05 a month
pay off £5`000 off monthly payments £553.25 a month
pay off £8`000 off monthly payments £511.37 a month

I am really not sure what is the best option and would be really grateful for some help from you lovely people. thanks. :T

getmore4less

Mortgage size?

follow on rates?

rate on option 1?

fees?

Beckyy

Are there product fees to take into account too?

Is this with a different lender, or the same? Conveyancing fees will need to be taken into account if you're changing lender.

polomint_2

mortgage size £46000
Follow on rates variable
Rate 2.49% on option one
No fees (there was slightly better rate with £999 fee i discounted that one)
With same lender.
Thanks