Remortgage options?

audere

Hi all,
Apologies if this has been covered already (if so would appreciate if you could direct me to the relevant links). In brief, I'm coming out of a 3 yr 5% fixed rate (mortgage life is 23 years) in November.

My current mortgage is with Halifax. I'm starting to look now into what options I have - especially in light of recent updates that there is talk of a rate rise maybe early in the new year.

Using Zoopla as a guide, I've got 60% LTV. Am thinking of a two/three year fixed. Any feedback on this - or other options to take - much appreciated.

audere

lee111s

It's entirely up to you based on your circumstances. What's your reasoning for only a two or three year fix? Factor in product fee's and solicitor fee's each time you change deal.


There's some great 5 year fixes around now. Why not take one of those and overpay as much as you can? The best way to fight interest rates is by owing less.

audere

..thanks lee111s. The most Halifax offer (at least online) is a 4 yr fixed at 2.89%, with no product fees. My assumption is that there wouldn't be any solicitor fees involved either. Like you say, I may find better rates elsewhere but I'd have to factor in extra costs in doing so.

libf

audere wrote: »

..thanks lee111s. The most Halifax offer (at least online) is a 4 yr fixed at 2.89%, with no product fees. My assumption is that there wouldn't be any solicitor fees involved either. Like you say, I may find better rates elsewhere but I'd have to factor in extra costs in doing so.

Some lenders offer free valuation and free standard legals to entice new customers. Nationwide, for example.