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Re-mortgage dilemma

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Jue9
Jue9 Posts: 3 Newbie
in Mortgages & endowments
We currently have a fied rate mortgage with the halifax at 4.39 which comes to an end next month. I have been looking around and have found a couple of deals, one for 5.63 fixed for 5 years with a 499 fee and a 5.67 discount fee free. We have a 51000 mortgage so don't know whether to wait or take one of the deals but which one? :confused: Any advice welcome.

Thanks
Jue9

Comments

  • silvercar
    silvercar Posts: 49,523 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Well 5.67 discount fee free is better than 5.63 fee with 499 fee. interest rates are forecast to drop for the next year or so so the 5.67 discount looks good. What have halifax offered you?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Jue9
    Jue9 Posts: 3 Newbie
    Halifax have offered 6.14 fee free fixed for 3 years
  • dpesky
    dpesky Posts: 29 Forumite
    Hi, I suggest letting a broker do all of this hard work for you. Any good broker will find the cheapest deal over a set period of time (and will take into account all the fees involved) The US has just dropped its interest rates quite sharpley and the UK looks set to follow (as we head into a recession!) so make your choice between fixed and discounted wisely
    Owner of a Nationwide Mortgage Brokerage and features writer for UK mortgage magazines
    This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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