re- changing mortgage

joe134

kingstreet wrote: »

Products for new borrowers are normally in one range and those for existing borrowers in another. There's no point looking at Santander remortgage products if you are an existing borrower as they will not be available.

Products for existing borrowers are "customer retention" products and are often not as good as those for new borrowers, unless with a lender like Nationwide who give the same quality of product to existing borrowers as they do to new ones.

Hi, cheers, Santander were adamant they couldn,t better his 4.74% svr rate.I,ve just read, it,s to rise in august.?
Like you say, retention is anathema to Santander.I dislike the company personally, from some bad experiences with them, but, they have 123, probably the best current a/c at present.I won,t even change or use that.personal choices.

kingstreet

I have heard nothing about Santander's standard variable rate rising in August. If they do not want to keep him as a borrower they will offer no retention product for him to stay, in the hope that he will remortgage elsewhere.

joe134

kingstreet wrote: »

I have heard nothing about Santander's standard variable rate rising in August. If they do not want to keep him as a borrower they will offer no retention product for him to stay, in the hope that he will remortgage elsewhere.

H5. Will my lender hike my standard variable rate?
A number of mortgage borrowers have fallen victim to lenders hiking their standard variable rates, despite the base rate remaining stable.

Santander announced it would raise its SVR for an estimated 300,000 borrowers in mid-August

Halifax had been the biggest name to do this when it announced it was bumping its SVR from 3.5 per cent to 3.99 per cent in spring.

If a rise is on the cards, and he,s only got a small mortgage, perhaps a move sooner is better.?
All banks want new customers only now.
, hence price war.
, but the only way for mortgages in my opinion, is up, and it,s the loyal, long standing customers that are going to take the first hit.svr,s especially;
They are starting the same trouble as got us in this mess in the first place., with easy lending criteria.



Read more: http://www.dailymail.co.uk/money/mortgageshome/article-1687576/What-mortgage-rates.html#ixzz2ZaavyGMe
Follow us: @MailOnline on Twitter | DailyMail on Facebooki kingstreet, this from daily mail financial ;

kingstreet

Doesn't that refer to August 2012?

I can't find any announcement of a rate change for next month, but there was last August.

https://www.google.co.uk/search?q=santander+standard+variable+rate+to+rise&rlz=1C1MDNE_enGB496GB496&oq=santander+standard+variable+rate+to+rise&aqs=chrome.0.69i57j0j69i62l3.7311j0&sourceid=chrome&ie=UTF-8

joe134

kingstreet wrote: »

Doesn't that refer to August 2012?

I can't find any announcement of a rate change for next month, but there was last August.

https://www.google.co.uk/search?q=santander+standard+variable+rate+to+rise&rlz=1C1MDNE_enGB496GB496&oq=santander+standard+variable+rate+to+rise&aqs=chrome.0.69i57j0j69i62l3.7311j0&sourceid=chrome&ie=UTF-8

HA five-year fix at 2.44% and a two-year deal at 1.64%, so is now the time to lock in? What next for mortgage rates?
By SIMON LAMBERT
UPDATED: 16:43, 19 July 2013


Read more: http://www.dailymail.co.uk/money/mortgageshome/article-1687576/What-mortgage-rates.html#ixzz2ZbjegFmX
Follow us: @MailOnline on Twitter | DailyMail on Facebooki,

If it,s last August it doesn,t say.Here,s article header.Updated yesterday?? why they would have a 12 month article on page I don,t know.? Just presumed it was up to date, as article said;