Is this possible?

amjad171

Hello all,

I have a mortgage with Bristol & west which when I got it 3 years ago I thought was on a tracker for 3 years, but having spoken to bristol & west today they say I am tied in til june 2007 and from june this year to june 2007 I will have to pay their SVR 6.25%, this is 0.85 more than what I am paying now. I know it is my fault for not checking the mortgage offer thoroughly when I bought the house 3 years ago but at the time I had to complete the sale ASAP.

What I want to know is, is it possible for me to haggle/speak to Bristol and West and try to get them to put me on one of their fixed deals for the next 2-5 years, starting from this June so that I dont go on to the SVR, if I say to them that if I stay on the SVR I will definatly move to another lender next year, will Bristol and west just tell me thats fine or will they say its possible to move me to a fixed and in the process they get to keep my service for anothe couple of years?

I have a mortgage for £56000 and the get out for the final year is 4%.

Any suggestions would be appreciated

silvercar

No harm in asking, but I wouldn't expect much flexibility.

amjad171

I guess your right, the worst they can say is no. I want to know if anyone has managed to do this before i ring them

keefrto

Sorry to put a dampner on it but I am currently with B&W and have finished my tie in, I asked for a better deal than 5.7% and they said nope/na/nae chance etc even though I said i would transfer if there was no better offer as an existing customer. Get this, the reply was ok!!
good luck with them

amjad171

Thanks keefrto, I guess I will have to give them a ring and see what they say, 80% of me is expecting the no as an answer.