Another mortgage deal ending!

bitza81

Hi
Any advice would be appreciated:
Currently on 4.99% interest only, deal to end next month.
C&G mortgage with balance o/s approx. 112K. House value 138-140K

Current situ:
partner previously self employed, although has been employed since Dec 2007. Gross 25K
Me previously permanently employed, now work on 6-12 month contracts although I have been in work constantly for last 2-3 years. Gross 9K

C&G were offering 5.69% 3 year fixed although due to wanting to check best option with IFA we missed this rate which increased to 5.89%. IFA subsequently could not arrange anything less than 6%.

Credit rating is reasonable, with only an odd late payment(no defaults). No late or missed mortgage payments in last five years.

Other debts include 9K loan (rate is 6.9%), 2K credit card and 1500 overdraft.

Realistically is 5.89% the best we're gonna get? Or is it worth looking at any others?

Any suggestions would be appreciated.

jobcob

We have had a nightmare with our advisor and remortgage due to deals being pulled. I wouldn't wait around too long to make a decision

plzhelpmesave!

if you can get it, go for it now. We luckily remortgaged a few months ago and went for a fixed 10 year one @ 5.39. We'd looked at a couple of others and had had them provisionally held, as they used to do that for 3-6 months and we were hoping to get something lower than that! not gonna happen for a while by the look of things, so get it sorted asap, as its getting harder to get lenders to offer mortgages.

bitza81

I'm so dozy... 5.89% appears to be upto 75% LTV. Looks as if 6.15% is the rate thats applicable to us.