Remortgage help

snowwolf

I am with the Halifax, what company is the best to remortgage with at this present time, I don't know to much about this sort of thing, but would Alliance and Liecster be a good choice, I have a meeting with them on Thursday

AndrewSmith

What research have you done to lead you to the conclusion of Alliance & Leicester?

Depending on your situation etc they may or may not be the best choice for you.

Andy

snowwolf

I must admit, I do find all money related matters hard to grasp, I am one of the worlds thicko's in finding whats good or bad in money related situations, the reason I mentioned A&L is they were the first company I phoned, and the opening line was, "you have made the best choice calling us, as we are the cheapest" thats why I thought I should ask you guys, I have a meeting with them on Thursday, should I cancel?

AndrewSmith

That depends entirely on you really.

You basically have 2 choices.

1) Take Alliance & Leicesters word that they are the 'cheapest' and have the most suitable product for you.

2) Seek a local Mortgage Broker and have them look at the entire mortgage marketplace for you from an unbiased standpoint to see which is the best, most suitable product for you.

Up to you as I said.

Andy

regularsaver1

they can't guarantee they are the cheapest

you need to bear in mind the fees to leave halifax and not just the headline rate offered at A&L ect - and also bear in mind that halifax are now offering existing customers same products as remortgage customers - always worth finding out what an existing lender can offer to make comparisons

Ian_W

you have made the best choice calling us, as we are the cheapest

As the old saying goes - well, they would say that, wouldn't they?

I wouldn't cancel the appointment but DON'T sign up for anything there and then. Go to the mortgage section of the site and read Martin's articles. Find a local mortgage broker ["fees free" and "whole of market" are the watchwords] and see what they suggest. You should also speak to the Halifax and see what they will offer - perhaps do that by phone first.

When you've done that you'll have a range of options to choose from.

snowwolf

Thanks for the replies, yes, I will phone the Halifax tomorrow and I will also go and see the A&L on thursday, and not sign anything. :-) all this help is very much appreiciated

MortgageMamma

To be honest I don't think A & L are very competitive at all at the moment, but each to their own. If I was you I would check out lenders such as leeds buildilg society, skipton building society, cheltenham and gloucester, britannia bs and direct line

snowwolf

Thanks for the info MM I will do that today, I will just phone up the Halifax too, which is who I am with now, see what they offer.

blackste

hi mate
for a bit of help on looking at different mortgages without leaving the sofa try https://www.moneyfacts.co.uk they have a mortgage section which allows you to look at different amounts, terms, types of mortgage ie fixed rate discount etc, the length of the deal i.e 2,3,5,10,25 years and many other variables, without being to technical. its worth a look, then maybe ahve a chat with somebody like andrewsmith.
cheers