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Fix or Pay Off?
Wanderingbear
Posts: 18 Forumite
My fixed rate of 1.79% finishes in Jan. Current lender Santander best 2yr fixed is 6.14% with £0product fee on 4yr term left for £35k LTV 13%. Is there any lenders particular good for low LTV that could offer better rates? Would I benefit from getting a loan to pay it off?
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Comments
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What’s the standard rate? I’d be inclined to just go on standard rate rather than fixing
Or finding a tracker deal?MFW 2025 #50: £1989.73/£600007/03/25: Mortgage: £67,000.00
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
12/08/25: Savings: £12,0001 -
I agree with @MFWannabe365 Day 1p challenge - £371.49 / 667.95
Emergency Fund £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC1 -
Read your mortgage offer carefully !
Some deals go onto a tracker deal after the Fixed rate ends so start by checking your paperwork1 -
Standard rate is 5.99% so not much lowerMFWannabe said:What’s the standard rate? I’d be inclined to just go on standard rate rather than fixing
Or finding a tracker deal?0
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