Remortgaging preliminary thoughts

Bean123

Another couple of questions, about shortening the term when moving onto a retention product, if I may?

1. Would any reduction in the term mean the switch becomes subject to underwriting, new fees, etc?

2. Would it take me outside the 'customer retention' products back onto the 'new customer' products?

getmore4less

To make the comparisons like for like you need to add the fees(or take money off the ones with lower fees)

the starting point needs to be the same, the payments the same and then the amount owing after X will be comparative.

Bean123

kingstreet wrote: »

That's on new Nationwide mortgages.

Old ones are still limited to £500 per month.

Check your situation if you do change.

Yes, I'm limited to £500 per month on my present deal.

I'll double check but I'd hope that taking out a new product would bring with it the new o/payment rules too.