Current deal ending

Dcfcandy1

Hello, looking for some help and advice please. We are currently on a rate of 0.75 per cent as my wife had a staff mortgage. This is now ending and we have been offered fixed rate of 2.64 per cent for 2 years or 3.68 per cent for 5 years. Due to a sub account which was on a fixed rate for 2 years we can't switch company until June. Therefore other option would be to go on a SVR of 4.24 per cent till June and then try to switch. Any advice as to best option would be appreciated or any other ideas?

getmore4less

Ltv............

Dcfcandy1

88.73 I think. Bought it for 157,000 and put down 10% plus 2k

Dcfcandy1

Anybody? Thanks.

AnotherJoe

I would take the lowest, 2.64. No idea why you'd pay more. Please don't say "Brexit " if anything that will depress rates.

Thrugelmir

As your wife receives a "benefit" . How are you impacted tax wise? A consideration to factor in.

Dcfcandy1

Well the benefit is ending, as the company has been bought by someone else. Hence why we aren't getting the deal anymore. I think we will just take the 2.64.

somethingcorporate

How about a low rate tracker with no exit fees?

Dcfcandy1

Would this be with our current provider? Sorry, I'm a noob with all this

somethingcorporate

Yes, almost certainly would be. Who is your current lender?

Dcfcandy1

It is with the Halifax. My wife works at Diligenta, previously Scottish widows.