Hello,

We are about to come out of a 5.34% Fixed deal in October with the Yorkshire B/S. The best they have offered me to stay is 5.94% fixed rate for 2, 3 or 5 years. This account has an offset savings capability and an application fee of £700 - which all in all I don't think is a bad deal.

Property Value: c. £400k ; Mortgage Value: £214k; Mortgage Term remaining 20 yrs.

Would an 'expert' recommend -

a) Sticking with them on that deal? - If so what should we fix for - 2,3 or 5 yrs?? Would it be best to fix for 2 yrs with the thought that the base rates will have dropped within 2 yrs and therefore get a cheaper rate next time around? OR 

b) Moving else where?? Are there better deals out there that we would qualify for? See below

Our income used to be approx £75k both full time employed when we took the original mortgage. Now I earn £48k FT but my wife is parttime self employed earning approx £25k. Would we struggle with a move to another lender from a salary perspective and employement status? My Wifes income for the past 3yrs accts has been 13k, 20k, 25k.

Any and ALL advise would be very welcome. I have approached an IFA but he seemed to suggest sticking with YBS. Which I was surprised at - I though he might be able to get a better deal for us???

Thanks

N.