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How often should i review my Mortgage
Thrifty_2
Posts: 111 Forumite
Hi I have a Barclays/Woolwich Openplan Mortgage currently,i believe running @ 5.35% i have had this mortgage for 18 months when should i have it reviewed? I am self employed so i would prefer to stay with my present mortgage company as they already have all my details and with business & private accounts with them and a local branch for paying in cash daily on the high street it works well for me
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Comments
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I would have thought a review by an existing lender was some kind of insurance sales excercise ? I could be too cynical but then again it could be a glorious opportunity to spend money.
J_B.0 -
Thanks for that but it was my intention to approach them to see if i could get a better deal .Cashback earned since joining MSE:-Greasy Palms £372.83,Topcashback £57.15, R-Points 735 points, Cashback kings £131.28,My Shopping Rewards£37.30, Reward Circle 540 Points, Quidco £163.31:TPlay To Win!0
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And they would do this out of charitable concern for your circumstances ?
Perhaps others have had beneficial results with this approach. If you don't ask you won't get.
goog Luck J_B.0 -
It depends if you are tied to them or not I guess. If there is no penalty for moving then I would approach a broker and ask them if they can better your current deal.
Moving mortgages isnt really that much of an issue these days and if it will save you money then its well worth doing.0
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