Hi there
Hope this makes sense to someone, but we have to remortgage in the next few months, and I have just had this fixed rate offer from our bank:
5 year fixed rate 3.44% £905pm with £1000 fee
OR
5 year fixed rate 3.44% £922pm add on fee to mortgage
My question is, would it be better to add on the arrangement fee to the mortgage and then overpay by £1000 once its all sorted. Or would it be best to just pay the £1000 fee to the bank. I tried to work it out using the mortgage calculator on here but for some reason it doesn't show the increased cost per month with adding on the arrangement fee, unless Im doing something wrong.
Can anyone help with this please? Thanks :o
Hope this makes sense to someone, but we have to remortgage in the next few months, and I have just had this fixed rate offer from our bank:
5 year fixed rate 3.44% £905pm with £1000 fee
OR
5 year fixed rate 3.44% £922pm add on fee to mortgage
My question is, would it be better to add on the arrangement fee to the mortgage and then overpay by £1000 once its all sorted. Or would it be best to just pay the £1000 fee to the bank. I tried to work it out using the mortgage calculator on here but for some reason it doesn't show the increased cost per month with adding on the arrangement fee, unless Im doing something wrong.
Can anyone help with this please? Thanks :o