I got 10 choices remortgage deals here, which one shall I choose?

cherry2017

many thanks for helping:

Current interest rate:6.74% Variable Rate

Current monthly payment £ 1,623.42

Deals available 

2 Year Fixed Standard Interest rate 3.97%

Monthly payment £ 1,316.63

Product fee £ 999

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5 Year Fixed Standard Interest rate 3.99%

Monthly payment £ 1,318.72

Product fee £ 999

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3 Year Fixed Standard Interest rate 4.01%

Product fee £ 999

Monthly payment £ 1,320.81

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5 Year Fixed Fee Saver.Interest rate 4.16%

Product fee £ 0.00

Monthly payment £ 1,336.56

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2 Year Fixed Fee Saver Interest rate 4.22%

Product fee £ 0.00

Monthly payment £ 1,342.88

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3 Year Fixed Fee Saver Interest rate 4.28%

Monthly payment £ 1,349.23

Product fee £ 0.00

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2 Year Term Tracker Standard Interest rate 4.39%

Monthly payment £ 1,360.90

Product fee £ 999

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10 Year Fixed Standard Interest rate 4.49%

Monthly payment £ 1,371.56

Product fee £ 999

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10 Year Fixed Fee Saver Interest rate 4.69% Product fee £ 0.00
Monthly payment £ 1,393.03

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2 Year Term Tracker Fee Saver  rate 5.09%

Monthly payment £ 1,436.51

Fee: 0

la531983

With all due respect nobody on here knows your circumstances. Are you able to make extra repayments, are you looking to move, whats your appetite for risk if rates go up etc etc

Petriix

We would need to know the current balance before giving an informed response. Remaining term or your age would give further context.

There's a crossover point where paying the £999 fee (on higher balances) becomes worthwhile to get the lower interest rate. For example on the 5 year fix, on balances averaging £120k, the 0.17% lower interest rate would save ~ £200 per year which is higher than the fee.

The tracker options are more of a gamble on what you guess the base rate will do. Personally I err towards knowing what I'll be paying over hoping to luck into a cheaper deal but that's not necessarily the best approach. 

Newbie_John

What would I choose (in my circumstances)?
5 years with £999 fee.
It's cheaper (for me) then the one without fee, 10 years rate % seems too high, and 2 years (in my circumstances) with/without fee is more expensive.

ACG

Im not looking for answers to these but all the things that will affect the choice that none of us know:
Current balance,
Current term,
Future plans (moving, having kids, kids moving out etc),
Current situation (comfortable, just about getting by).

From what you have given us its not even possible to make the choice purely on a financial basis. 

cherry2017

How about 2 year fixed, no fee,

la531983

cherry2017 said:

How about 2 year fixed, no fee,

Think you need to read the other replies and provide us with some more information.

StephenMortgages

Broker here - really hard to make a decision based on just the figures. 

It would depend on your personal situation, future plans and all different factors to make that best decision. 

amnblog

Where did you get the list?

If you are picking from a list it's pot luck if you pick the right product, or if the right product is even on the list.

If you are getting advice go back and ask the adviser for some proper advice to help with the list.

cherry2017

amnblog said:

Where did you get the list?

If you are picking from a list it's pot luck if you pick the right product, or if the right product is even on the list.

If you are getting advice go back and ask the adviser for some proper advice to help with the list.

Thanks,HSBC only tell me :you have to do it online, this list is from their online system, I believe my choice is right, this one:
2 Year Fixed Fee Saver Interest rate 4.22%

Product fee £ 0.00

Monthly payment £ 1,342.88

amnblog

cherry2017 said:

amnblog said:

Where did you get the list?

If you are picking from a list it's pot luck if you pick the right product, or if the right product is even on the list.

If you are getting advice go back and ask the adviser for some proper advice to help with the list.

Thanks,HSBC only tell me :you have to do it online, this list is from their online system, I believe my choice is right, this one:
2 Year Fixed Fee Saver Interest rate 4.22%

Product fee £ 0.00

Monthly payment £ 1,342.88

You can do it online yourself.

Or you can ask a Broker to handle for you and advise you.

The Broker is paid by the Lender for taking the work off of their staff's workload.

Hence we are one of the many Brokers who can handle this work and provide advice at no cost to the borrower.