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Possible to negotiate mortgage rate with lenders?

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Comments

  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    a current account mortgage could help also dependant upon how much money you had running through....
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • MarkyMarkD
    MarkyMarkD Posts: 9,913 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I have to say that it was obvious from the outset that mortgagebundles was a stupid idea.

    There are millions of new mortgages every year, and each lender has hundreds or thousands of customers applying for each of its products, each of which has gone through a rigorous marketing and pricing process.

    The idea that anything different would be offered to little (tiny in fact) bundles of customers was laughable. Where are the economies of scale which would result in them getting a better deal than available to the market as a whole? There are none.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I think the founders of mortgagebundles.com expected a better success and they projected that onto the economy of scale. You never know, it might eventually take off, but it doesnt look likely at present. stranger things have happened.
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, 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.
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