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alliance leicester 5 year fixed 4.59
Transactionumber
Posts: 253 Forumite
hello everyone my 2 year fixed rate with the AL is finishing on the 31st august.And I'm thinking of taking out the 5 year fixed deal which is 4.59 with £395 charge ,(the main reason for staying put is the redemption admin fee being £295 plus all the other costs involved switching) would it be worth my while to wait little longer to see if they go down a little bit more or just go for it as it will take some time to process it through 
many thanks to any replies leachy
many thanks to any replies leachy 0
Comments
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I would go for it! to get the a similar deal anywhere else would involve paying a similar arrangement fee0
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Yes, I'd go for it. You would also pay other costs...legal work, a valuation fee and have to pay A&L £295 to leave.0
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You can't switch until 1 September so I wouldn't rush now ... fixed rates still seem to be on the way down.
That said, I would agree with the earlier posts ... the saved switching costs are likely to make A&L's offer a reasonable deal.0
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