1.09% Tracker - Worth Keeping Hold Of?

alexmcmanus

I have two lifetime tracker mortgages on the same property, same lender, 37% LTV:
* £100k for 17 years, currently @ 1.09%
* £35k for 14 years, currently @ 3.84% 

I can clearly get a better overall deal for 2-5 years combining the two mortgages, but the longer-term rates are worse, and of course there's no way of knowing what new mortgage rates will be like 2-5 years from now.

Any thoughts on whether the 1.09% tracker is worth keeping hold of? I could likely just change the smaller mortgage, but that restricts me to the same lender.

getmore4less

Which lender and what's the LTV?

alexmcmanus

About 37% LTV, with Santander. 

getmore4less

Check with them what they will offer for the £35k

Newnoel

Santander offering a 5 year fixed rate of 1.19% for remortgages. Worth calling them to ask to be transferred.

getmore4less

The no fee options will be better for the £35k.

Worth keeping the £1.09% for the larger amount.