Hi there,
My mortgage is up for renewal, since we took out the mortgage we have got into a bit of debt, which is n ow being handled by payplan. So it's going to be extremely difficult to get a mortgage from anyone but our current lender..
Good news is there rates seem very good.. I am just unsure as to which of these is best..
1.) 2 year fixed - 3.09% - £995 arrangement fee
2.) 2 year fixed - 3.49% - £0 arrangement fee
3.) 5 year fixed - 3.89% - £0 arrangement fee
both these are over 28 years..
What confuses me is the arrangement fee, I can't afford to pay it upfront so would have to pay it over the course of the mortgage..
I just really wanted opinions (and people who are better at maths than me to crunch the numbers and tell me what looks the best deal and also how these deals stack up with what else is available on the market..
My mortgage is up for renewal, since we took out the mortgage we have got into a bit of debt, which is n ow being handled by payplan. So it's going to be extremely difficult to get a mortgage from anyone but our current lender..
Good news is there rates seem very good.. I am just unsure as to which of these is best..
1.) 2 year fixed - 3.09% - £995 arrangement fee
2.) 2 year fixed - 3.49% - £0 arrangement fee
3.) 5 year fixed - 3.89% - £0 arrangement fee
both these are over 28 years..
What confuses me is the arrangement fee, I can't afford to pay it upfront so would have to pay it over the course of the mortgage..
I just really wanted opinions (and people who are better at maths than me to crunch the numbers and tell me what looks the best deal and also how these deals stack up with what else is available on the market..