We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Switching from a fixed to a fixed possible? ( Probably not... )
boxrick
Posts: 165 Forumite
I currently have a 20yr ( 1 yr into it now nearly ) 80k mortgage fixed till 2012 @ 5.39% with nationwide.
Simply put is it possible to switch to a different fixed mortgage from the same provider? I realise this is a very silly question and the answer is probably no but does anyone have experience of doing something like this or maybe paying a fee and switching?
Main reason is that I always wanted a longer fix and the rates of mortgages now being offered by nationwide compared to 12 months ago are much better!
Any feedback is appreciated and sorry for silly questions!
Simply put is it possible to switch to a different fixed mortgage from the same provider? I realise this is a very silly question and the answer is probably no but does anyone have experience of doing something like this or maybe paying a fee and switching?
Main reason is that I always wanted a longer fix and the rates of mortgages now being offered by nationwide compared to 12 months ago are much better!
Any feedback is appreciated and sorry for silly questions!
0
Comments
-
You will have exit fees and product fees that will probably outway any savings.
phone them up and ask
check the web site
http://www.nationwide.co.uk/mortgages/existingcustomers/overview.htm0 -
I have a nagging feeling Nationwide will not allow you to move from one fixed rate to another even if you pay their early repayment penalty. Check with them to make sure and let us know the outcome for future posters. Thanks.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards