Rateswitch help

katie4

this is following on my previous post which seems to have gone stale


I have some figures if anyone could help to decide best option that'd be great please


borrowing £57,000


15 years
5 year fixed £368pm (interest £9,307) 2.06% total cost £66,307
2 year fixed £353pm (interest £6,642) 1.49% total cost £63,642 (I FEEL THIS IS THE BEST OPTION?)


20 years
5 year fixed £289 (interest £12,594) 2.06% total cost £69,594
2 year fixed £274 (interest £8,949) 1.49% total cost £65,949


we are currently paying £360pm

xyz123

For 2 year have you considered cost of remortgaging (product fee/valuation fee/solicitors fee) when comparing to 5 year fix product. Yes I know some. Of these are free often but I haven't seen a completely free mortgage yet...

katie4

xyz123 wrote: »

For 2 year have you considered cost of remortgaging (product fee/valuation fee/solicitors fee) when comparing to 5 year fix product. Yes I know some. Of these are free often but I haven't seen a completely free mortgage yet...

I don't think we would be able to tbh due to our current debts