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I was you last week. Substantial diff between 5 and 2 year, £90 pcm. Going with 1.28% 2 year fixed with barclays, £995 'arrangement' fee, legal and valuation included. I am going below £750 pcm.
Not a huge amount of admin as my mortgage advisor is great. Took maybe a week to collate a 'remortgage 2017' folder in dropbox, thats about it. Now lets hope it doesn't get massively under-valued.
amey
Getting confused/anxious about remortgaging again.
Coming to the end of a 2 year fix 4.79% - £1,299 pcm
Offset - 1.54% tracked over the base rate (so 1.79% right now - £964.28 pcm) for 2 years then 3.49% over the base
Or, stay with the Halifax and switch to either;
2 year fix - 1.64% (then 3.74% variable) - £941.92 pcm
or
5 year fix - 2.19% (then 3.74% variable) - £998.49 pcm
I don't think we'll be saving enough to make adequate use of the benefits of an offset to warrant switching a gambling with a varying rate. Especially as the base rate is touted to be pushed back up to 0.5% next year which would put the offset/tracker close to the 5 year fixed deal anyway.
Then, Brexit.
What do, internets?!?!?!?