Abbey Advice

wobblebabe

my discounted deal at the abbey has finished I have asked for a new one, they will only give me 6.46% even though if i was a new customer they would give me 5.7% i have challenged them for the last few days but they won't budge!how do i get them to lower the rate or do i give up and re mortgage.

JoeK_3

wobblebabe wrote: »

my discounted deal at the abbey has finished I have asked for a new one, they will only give me 6.46% even though if i was a new customer they would give me 5.7% i have challenged them for the last few days but they won't budge!how do i get them to lower the rate or do i give up and re mortgage.

Find yourself a good whole of market mortgage broker and if you are penalty free, kick ar** and leave.

JoeK

herbiesjp

Have to agree

Abbey are not obliged to lend you money, and only offer you what they want to offer you as an exisiting customer

You now know the costs of staying with Abbey, have a word with a fee free whole of market adviser and let them find you another good deal.

Don't forget the exit fees to leave Abbey.

herbiesjp

First port of call would need to be Abbey - find out exactly what new deals they can offer you.

A transfer of equity is relatively straight forward and can cost between £150-250. When you say defaulted a few payments, do you mean missed a few payments?

A few missed payments should not be too disastrous and you should still be able to find a good re-mortgage deal with a different lender, if that indeed turns out to be the best option.

Your incomes are more than fine in terms of supporting the mortgage and credit card payments you have

Get an up to date copy of your credit file from Equifax or Experian. Armed with this file and the deals Abbey are offering you, you should then get in contact with a fee free whole of market adviser and let them work out if it is better for you to stay with Abbey or find a lender that is offering a better deal in terms of rates and fees for you

HTH