Should I stay or should I ...swap?

I have a dilemma and hope you will be able to help me out.
I am on lifetime tracker mortgage with Santander  - 2.19% above the rate = 2.29% right now. Capital repayment.
Have around £71k left on it. Monthly payment £479 but I do overpay a lot and should be able to comfortably pay it off latest in 3.5 years (42 months) but hopefully sooner.
Remaining term 14.8 years. £250 end of mortgage fee.
I was tempted to fix it now for around 3 -5 years, as the rates are low, but then the monthly savings are low comparing to my current fees and I will not be able to overpay as much, as most new mortgages allow only 10% a year and I tend to overpay much more (monthly plus a lump sum every now and then).
Would you bother looking for a new deal (without fees) or would you keep it as it is?
Thank you for all your help! x


  • SistergoldSistergold Forumite
    1.8K Posts
    1,000 Posts Third Anniversary Name Dropper Photogenic
    Why not check with Santander if you can mortgage switch to a better tracker deal? Or a better discounted variable deal with no overpayment limits? 
    Initial mortgage bal £487.5k, current £382.4k, target £320k
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW #34 (2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    To save £100K in 48months start 01/07/2020 @£90k SoFar 
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Kasia1981Kasia1981 Forumite
    2 Posts
    Third Anniversary First Post
    Thank you for the suggestion - will check that out! x
  • jenni_ferjenni_fer Forumite
    527 Posts
    Ninth Anniversary 500 Posts Name Dropper
    We're in the process of moving to an offset, so while we can only overpay by 10% each year, we can put whatever we like in the adjoining savings account which is essentially the same thing (except we can get the money back if we need it).
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