My Mortgage deal ending soon

davews

My exisiting 5 yr fixed rate with A&L ends in April we am now considering which (if any) provider to go with next.

Our outstanding mortgage is c£30k which is well within our means.

If i remortgage now I would possibly incur large arrangement fees?

What would be the best deal for me please?

Thank you.

herbiesjp

At that mortgage level, staying with your current lender on a new deal will probably be your best option

AndrewSmith

Contact A&L see what they have to offer. Such a low mortgage will not be rate sensitive (variations in interest rates offered by different providers of, say, 0.5% will make very little difference to your payments compared with the costs and process of remortgage).

Avoid anything with arrangement fees as pound for pound even the smallest fee has questionable proportional benefit.

davews

hi thanks for the quick reply, this would seem to be the best thing to do but what type of mortgage do you thing would be best?

Tracker/fixed
fixed rate
variable
ect

thank you.

davews

AndrewSmith wrote: »

Contact A&L see what they have to offer. Such a low mortgage will not be rate sensitive (variations in interest rates offered by different providers of, say, 0.5% will make very little difference to your payments compared with the costs and process of remortgage).

Avoid anything with arrangement fees as pound for pound even the smallest fee has questionable proportional benefit.

Andrew, thank you i was posting the same time as you, i will have a look at there web site now

thank you very much

Dave.

herbiesjp

Only you can answer that depending on your attitude to interest rate variations and your monthly affordability

davews

herbiesjp wrote: »

Only you can answer that depending on your attitude to interest rate variations and your monthly affordability

Hi thanks for your advise, as i also have a account with them i will see what deals they offer.

thank you once again

Dave.