Dunfermline Building Society & Remortgage questions.

Flash_G_2

Afternoon,

We (wife and I) currently have a mortgage with Dunfermline BS which is a 5 year fixed rate at 5.49% and this is due to come to an end in May 2013.

Dunfermline has since been purchased by Nationwide and it is pretty clear that they don't want to keep the Dunfermline Mortgages as the SVR is 5.19% and they are currently offering 3 year fixed deals at 5.99% with LTV of 60%!! and 8.59% with 95% LTV!

I am curious as I am a customer of Dunfermline do I qualify as an existing customer of Nationwide? If so, I assume this would mean I could switch to a Nationwide mortgage if they offered good deals for existing customers?

I would guess that I don't qualify as I would be going on to the Dunfermline SVR of 5.19% rather than the Nationwide SVR of 3.99%

I will be looking to get a new mortgage in place for May 2013 as soon as I can, which I think is 6 months before my deal ends?

I live in Central Scotland, and have never used a broker before, however I might this time to see if I can get a better deal (would consider a broker via phone).

I do like the look of the HSBC lifetime tracker (with no exit fees etc) @ BR + 2.49%. Or maybe going for some security with the 7 years @ 3.99% (fee of £1500).

As a rough guide would it be possible for a broker to find deals better than these rates given our LTV of 60%?

Mortgage details:

At the conclusion of our 5 year term we will have a £115k mortgage on a £230k property with 20 years left.

I will need to take out a £125k mortgage (new kitchen and windows already installed and the £10k required to pay a relative back) and will hopefully reduce the term by a few years and still keep the payments the same as my current mortgage.

This will still put is in the 60% LTV for the best rates.

Flash_G_2

I didn't realise that valuations were only valid for 3 months, so way too early to even be considering a remortgage.

Still interested if anyone can answer if I am classified as a Nationwide customer due to them owning Dunfermline BS?

Thrugelmir

Being an existing customer of the Dunfermline will make no difference when you apply to the Nationwide.

Your application will be judged on its merits at the time.

Flash_G_2

Cheers for clearing that up.