From: "Lee" 
Newsgroups: uk.finance
Subject: discount mortgages for remorgage purposes...
Date: Sat, 14 May 2005 16:10:39 +0100

Hi all

feeling a little miffed because I was uncertain of the
economy when I fixed my £55000 mortgage 3 years ago
for 7 years... its a flexible jobbie but has a £1000 redemption charge
for first 7 years but at 5.69 % its a bit high by some of todays mortgages

anyway would like to do some home improvements to the cost of about
£10000 so am thinking of another mortgage for around £64000

I would like to go with some sort of discounted remortage with a rate of 
4.8% for first 2 years
http://online.newcastle.co.uk/mortgage/index.htm?webabacus_id=1115849836921-1
then jump onto another mortgage after the two years ( rate tart style) but 
just wondered
what the pros and cons are of this or if anyone has any better ideas for 
me...

sorry if this has been discussed a thousand times already :))

cheers

Lee