when a fixed deal ends....

Mrstickle

....and we ideally want to stay with the same lender (nationwide) and there is no additional borrowing, is it still better to engage the services of a broker, or will we get the same results ourselves using their online/in-branch service? Do brokers have access to better deals?

We got amazing service from our broker during the purchase, and I would not hesitate to contact them again if we were remortgaging or moving, but I am genuinely wondering what added value they provide for a deal switch?

Also, we got the mortgage at 85%ltv. When the deal ends, we will be at just over 80 ltv, so I am assuming it will probably be worthwhile using some of our savings pot to get us under the 80 bracket for access to better rates? How near to the deal ending/product switch, would we need to do this?

Reading everything about spanish inquisitions currently taking place, it seems sensible to stay put if the rates are competitive?

Many thanks

dimbo61

Well the starting point should be what your existing lender can offer you!
If you are close to the next LTV level 85%,80% or even 75% and have the cash to increase the equity you could ask that when you speak to Nationwide.
You have used a broker in the past so a phone call to them may give other options.
What are you looking for ? Tracker,Offset, Long term fix etc

Mrstickle

Thank you, a long term fix would be the preferred option to give us a stable budget to work from. I just wasn't sure if brokers had access to better deals than the existing customer retention deals we would get on our own. We are a few months away yet, so just getting my basic research done first. It is interesting to see we could number crunch first with the lender before giving up our savings.
Thanks!