Nat west want a chat

Muscle750

I have a PL with Nat west with a outstanding balance of approx £13k i took out a £25K loan with them for home improvements plus a few other things , all payments are up to date yesterday i went in and i was told they wanted to review my PL acct and they made a appointment there and then for me to go in a few weeks. My current acct struggles at times but everyone is paid and nobody is chasing me. So just wondering firstly is there anyway i could reduce my payment of £378 a month by re financing or are they gonna give me the hard sell to borrow more money. There is approx 3 years left on the PL.
Dont really want to borrow more because my fixed rate mortgage deal is coming to a end in Nov and im thinking if i can of possibly sticking the balance onto my mortgage althou ive done no sums and have no figures to see what it will cost and save etc on what im paying now My current mortgage is with Santander and has a balance of £130k the house is worth approx £220k and we are both working any advise on what to do grarefully recieved
I must admit the £378 is proving a struggle but as i said its up to date

stclair

Muscle750 wrote: »

I have a PL with Nat west with a outstanding balance of approx £13k i took out a £25K loan with them for home improvements plus a few other things , all payments are up to date yesterday i went in and i was told they wanted to review my PL acct and they made a appointment there and then for me to go in a few weeks. My current acct struggles at times but everyone is paid and nobody is chasing me. So just wondering firstly is there anyway i could reduce my payment of £378 a month by re financing or are they gonna give me the hard sell to borrow more money. There is approx 3 years left on the PL.
Dont really want to borrow more because my fixed rate mortgage deal is coming to a end in Nov and im thinking if i can of possibly sticking the balance onto my mortgage althou ive done no sums and have no figures to see what it will cost and save etc on what im paying now My current mortgage is with Santander and has a balance of £130k the house is worth approx £220k and we are both working any advise on what to do grarefully recieved
I must admit the £378 is proving a struggle but as i said its up to date

Just remember how to use the word "NO"

bengalknights

Just keep saying no unless they offer you 0% 20 year deal.

JournalGirl

Stick to your guns. If you're not missing any payments, and you can keep going at the rate you are on, then just keep going. Anything Natwest offer you will be to make more money for themselves in the long run, not to save you money. If they do offer you something which looks tempting, don't sign there and then, take the info home and consider it carefully (or come on here for more advice). If they offer you something which has to be signed up there and then....there's likely to be a catch.

Good luck!!!!!!!

Poosmate

Agree with everything the others have said. I also wouldn't recommend you put the balance on your mortgage either. Although you'll be paying less interest on it you'll be paying for longer so it would probably work out more in the longrun. Also, there is only one way the mortgage interest rate is going to go at some point this year and it certainly isn't going to be down.

I would stay as you are at the moment but try to reduce spending in other ways as much as possible to prepare for the interest rate rise and re-evaluate at the end of the year when your fixed rate ends.

Just look forward to being nearly £400 better off per month in 3 years time!

Good luck,

Poo

geoffky

They will be looking after themselves and not you.....kick them into touch,or do not turn up...