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nationwide mortgages

Just a thought - I am with the Nationwide and trying to over pay each month. My fixed rate is due to finish april 2013. Could they be persuaded to let me restart another fixed deal for 5 years now without an encurring ERC? Just wondering how flexible they are? Any experiences? :)

Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I maybe wrong but I think the answer will be " Not a chance "
    please check what the mortgage reverts to at the end of the fix ! not the BMR is it?
    Might be worth staying where you are
  • My mortgage is a five year fixed rate with Nationwide, currently 5.63%; it finishes at end of 2012. As it is older than April 2009 it will revert, at current rates, to 2.5% - way better than anything you can get on the market so I would suggest that you hold on tight, overpay as much as you can without penalty and wait for the best rate ever to kick in! But do check with them yourself.
    Jan 2012: CC £2,340.30, 2nd mortgage £22,932, Mortgage £57,538
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