Hope I've made the right choice!

[Deleted User]

The choice was a fixed rate or porting my existing mortgage deal of base rate +2%. I've read lots about the forecast for base rate and made the decision to keep my currently cheap tracker. Fingers crossed!!

michelle2008

Is your mortgage with nationwide? Just interested in who is allowing porting! I thought most lenders were trying every trick in the book to get people on to more expensive deals.

Thrugelmir

michelle2008 wrote: »

Is your mortgage with nationwide? Just interested in who is allowing porting! I nought most lenders were trying every trick in the book to get people on to more expensive deals.

Lenders are more interested in reducing their total mortgage exposure. So a porting request gives then this ability. By declining. In the hope that the borrower moves their business elsewhere.

[Deleted User]

Hi, sorry I wasn't clear, I'm with the same lender buying a new home