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  • FIRST POST
    • kerri gt
    • By kerri gt 4th Jan 18, 7:45 PM
    • 6,755Posts
    • 48,011Thanks
    kerri gt
    First time remortgage
    • #1
    • 4th Jan 18, 7:45 PM
    First time remortgage 4th Jan 18 at 7:45 PM
    I'm looking for a little advise regarding remortgaging. Existing deal is up later this year, which was taken out as a FTB so no previous remortgage process experience.

    Current lender at the moment has some competitive rates - I assume I can just approach them direct and see what they could offer for a new deal? How soon before the end of the current term should I think about doing this?

    We used a broker for existing mortgage - is there any compelling reason why I should or should not approach the broker again to see what deal he could find us? Again, how soon before the end of the current term should I look to contact him if this is the best route?

    many thanks
    Feb 2015 NSD Challenge 8/12
    JAN NSD 11/16


Page 1
    • YHM
    • By YHM 4th Jan 18, 8:54 PM
    • 439 Posts
    • 154 Thanks
    YHM
    • #2
    • 4th Jan 18, 8:54 PM
    • #2
    • 4th Jan 18, 8:54 PM
    Lenders usually get in touch about 3 months before the end of your existing fixed rate.

    Your broker should get in touch directly, if they are worth their salt. They should also review the market for you to see if it would be more appropriate to remortgage to another lender, as opposed to going for the lazy product transfer with your existing lender
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
    • dimbo61
    • By dimbo61 5th Jan 18, 11:08 AM
    • 9,644 Posts
    • 5,207 Thanks
    dimbo61
    • #3
    • 5th Jan 18, 11:08 AM
    • #3
    • 5th Jan 18, 11:08 AM
    Why not have a look on your existing lenders website for new deals for existing customers.
    You can usually sign up 3 and sometimes 6 months before your existing deal ends.
    However it may well be worth your time and money to employ a Mortgage broker as he /she can check the whole market and find the best deal for your circumstances.
    • kerri gt
    • By kerri gt 5th Jan 18, 6:34 PM
    • 6,755 Posts
    • 48,011 Thanks
    kerri gt
    • #4
    • 5th Jan 18, 6:34 PM
    • #4
    • 5th Jan 18, 6:34 PM
    Thanks for your responses.

    Dimbo61 we used a broker for our existing mortgage so based on [BYHM[/B] advise, they will be contacting me nearer the time. I've already looked on our existing provider's site, there's some decent deals for existing customers so fingers crossed if the broker cannot find anything better at least the existing provider can offer something nearer the time.
    Feb 2015 NSD Challenge 8/12
    JAN NSD 11/16


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