We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Lock in or Beg?
Basky
Posts: 2 Newbie
On a cracking Tracker Mortgage - my payment has dropped £800 to £300 since we took mortgage out which is fantastc. Deal ends Sept 09 - wondered whether we negotiate with Alliance & Leicester now - to lock in to a fixed rate now. At moment it gives us some months to negotiate with but as the house price drop has reduced value of property and therefore reduced equity on property. Would be looking for £200K mortgage. Thoughts - should we go in now - giving us more to negotiate with or wait until nearer the term of mortgage? ANy help would be great
0
Comments
-
It is probably too early to get a new deal. My lender is HBoS and they only allow you to book a new deal 3 months in advance. Someone else will tell you what the position is with A&L. It won't be about negotiating or begging though - it'll be about accepting what deals are on the table for your LTV. I take it you're overpaying by £500/month?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards