Any good 5 year fixed rate repayment mortgages out there?

[Terzo123]

Pretty much as per the title, does anyone know of any decent 5 years fixed rate repayment mortgages currently on offer, with minimal set up charge?

My current lenders want me to pay the ERC up front if I change my rate with them, whereas I was hoping to add it to my balance, which would still keep me under the 65% LTV.

Thanks in advance Stevie

[Sarnie]

Define minimal set up charges?

Rates are set up with keen rates plus fees & higher rates without/minimal fees.

For example there will be rates at circa 3% but will have £2k of fees, approx 3.19 with about £800 of fees and 3.39% for completely fee free etc

The actual numbers involved will dictate which one works out most cost effective over the five years.

[Terzo123]

I currently have two products with my provider, one tied in for two years and the other, 2.5 years. Something like 4.49% and 4.99%

Ideally, I would like just the one product

They are advertising for remortgages a 5 year fixed rate of 3.19% with only a £100 arrangement charge. This would bring my monthly payments down a bit and also secure my mortgage payments for the next 5 years

I was hoping to add the ERC onto the existing balance. They're saying they can't do that if it's just for a rate change, however, they will call me back next week about restructuring the mortgages.

[Sarnie]

How much are your ERC's?

[Terzo123]

Approx 1k and 2.5k

[Terzo123]

Approx 1k and 2.5k

[lamboman100]

Go to moneysavingexpert.com and moneynet.co.uk.

[Terzo123]

I managed to secure the 3.19% fixed for 5 years deal today. It cost £100 and i can take it up any time in the next 6 months. Im sure there are better deals out there, but this one will save me switching banks etc.

Just need to get the house revalued now.

[GTIR]

Sounds good.

Sometimes it's better just to do it yourself rather than rely on so called "advisers" who are just in it to make themselves money, otherwise there's no point for them!