help needed

otb666

we have our direct line 2 fixed rate expiring 30/6 4.45 they have offered 5.95 for 2 or three years with a 499 fee- as we want to increase mortgage to 170 from 151k thought this was expensive so have been offered another at 5.49 1000 fee for 2 yrs-would you suggest staying with direct line redeming and re apply or going with other deal??

regards

_Andy_

Really depends how much you want to spend on fees, also your property value etc. Possibly First Direct at 4.75?

otb666

thank you for replying
as to property value-estate agent valued it 230 a couple of years ago-then the valuation person for our last mort valued it at 190 june06 so not really sure as people dont move in and out of our village much-
just not sure what to do really-thinking about proceeding on re mort with both companies to put off deciding at moment

otb666

we may have to move in 2 years so do not want to fix for longer than that and i am on a tight budget so need to know what bills are-hense fixed seems the best option

otb666

i have done-how much we would lend on their web site and they would only lend 144 on our wages of 30 for husband and 12 for me-also do not wish to change our banking arrangements

otb666

i have decided to go with other mort offer now as direct line can only give me a 2 yr fix on 150k 5.95-if i go for remort with them for 170k their rate is now 6.75-the other mort offer in principle is 5.75 with fees of 999 instead of direct line 499-i can only fix for 2 years as we are moving to a cheaper are in 2 years and dont want to have to pay exit fee-we ve want to decrease mortgage in process-thoughts on any of this would be greatly appreciated

kind regards