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Mortgages Product runs out end april – Apply now for new rate?

Hi.

My current mortgage product with the Coventry runs out at the end of April. Exit Fee until the end of April.

Can I apply for a re-mortgage (might go with FD or HSBC tracker) Now to come into affect on the 1st of May.

Also how long does it take to get application done and accepted.

Thanks.

Comments

  • phil_51
    phil_51 Posts: 106 Forumite
    Any help to the above?
  • nesssie1702
    nesssie1702 Posts: 1,346
    Part of the Furniture Photogenic Combo Breaker
    Forumite
    What's your SVR with the Coventry? When your fixed rate comes to an end, you'll drop onto the SVR - in the current climate, you might find that you're better off.

    That's likely to give you a bit of space and time to arrange an new mortgage. Interest rates might drop again before it's time for you to remortgage.....
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