Lloyds/TSB options

Fugitive

Hi guys. My fixed term (4.99%) is up on the 1st June and I've just met with my current provider - TSB

The options they've given me are;

2/3/5 year fixed term at 5.79% OR

base + 0.64% tied for 2 years - 5.64%

I have 2 accounts which now only total around £65k.

I'm thinking the second option just now as I feel the interest rate could still come down some more.

What do you think are my best options ?

thanks in advance

dimbo61

I would go for the 5 year fixed at 5.79% and try to clear the mortgage
by the end of the 5 years. then again i usually lurk on the mortgage free thread.
Can you clear £65k in five years ?
Who knows what mortgage rates will be in 2 years ?
Debt is debt the sooner you are mortgage free the sooner you wont care
what the mortgage rates are !
mortgage rates below 6% are still very good and IF you can clear your mortgage in 5 years this will save remortgage costs. YOUR CALL
GOOD LUCK

Fugitive

Dimbo - I wouldnt be able to pay off it all in 5 years but £25k of it is interest only and I have an endowment that matures in 5 years that should get me at least £30k. I can presumably use this to pay off around half the mortgage then (I have 10 years left to run).

So you reckon that the fixed rate for 5 years is the best option.

Any other thoughts ?