NR rates lower than their SVR

High77

Hi,

My fixed rate ends on 1st March, and I have received a letter stating that I will be put on a rate lower than their SVR. Any idea's how much lower it is likely to be?

Also, does anyone have a clue as to if and when NR are likely to start offering Fixed rates to existing customers? Or indeed if they are likely to be competitive.

I agree with most people that rates will be low for the next 15 months, and will be staying with NR for the next 6 months, (else I would have to pay £1000 within the first 6 months after my fixed term has ended). My plan is to save the grand, transfer to maybe Britannia on a SVR for 6 months, then change to their 10 year fixed for existing customers, currently at 4.69%. I know that people cant see into the future but does this sound a good plan? Or is the general concensus that fixed rates will become difficult to get as rates get lower?

My LTV is currently 89.5% and I should have it down to just under 85% in 7 months time, as I'm able to save a fair amount this year.

Thanks for your time,

High77

mick_1967

you will be put onto a .01% lower than their SVR so if its 5.09% you will get a rate of 5.08% great eh?

wharty

Try not to forget that in seven months time the value of your house will have probably gone down further, thus wiping out most of your LTV.
I have got a remortgage in the last couple of weeks on 89% LTV while i still can. A 5 year fix at 4.94% with no fees, But that is only for current mortgage and account holders with natwest.