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catch 22 need a remortgage but cant

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  • kingstreet
    kingstreet Posts: 39,444 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I am better off leaving things as they are! I did have consent to let with NRAM but I cant remember whether it expires or not, I will have to call them and find out
    Can I suggest you refrain from calling them. No point sticking your head above the parapet, or you may end up HAVING to remortgage to a worse deal and pay £2,500 for the privilege if your consent to let suddenly ends...

    Leave things as they are. If rates rise, it may then be worth paying a fee to get a fix. It isn't now, but it may be later.

    As GMS says, have a chat to a broker to make sure it's not worth moving. TMW isn't the only lender, but it is the one most of us use for those with sub-£25k incomes.
    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.
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