youre going to have to do your own maths on this as its relative to how much your interest rate is, how much you borrow etc. You want to look at the fixed rates because once those rates expire and you move onto the variable the repayments on your mortgage go up but the extra isnt paying off the compound amount its just going to interest. for example 2 year fixes have the lowest interest rates however if you're being lumped with £999 in fees every 2 years and you're on a small amount borrowed lets say less than £200k it doesnt make sense and you'd go for the higher % without fees. if your unsure talk to a mortgage adviser.
I was on a 25 year mortgage, remortgaging now after 5 years. Does it work out any cheaper to mortgage for another 25 and overpay each month (repaying 5 years early) or mortgage for 20 years and not overpay for the same amount coming out of my account? About £1k
Thanks Myriad I was accepted for 1.64 with Barclays but now changing to 1.58, worth the fee (y)
Can you change from mortgage lender to go with this deal?
Can someone explains what the +£999 is and 75% LTV?