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Current Mortgage expires Sept 2015, when should I seek new deal
twoyearsfromnow
Posts: 24 Forumite
Hi.
My current, interest only tracker, mortgage was taken out in Sept 2001 for 15 years.
Therefore expires next Sept 2015 (or should that be October?).
When should I start looking around to replace it as I believe sometimes it takes a few months to sort?
I will be looking at a repayment mortgage this time around.
Thanks.
My current, interest only tracker, mortgage was taken out in Sept 2001 for 15 years.
Therefore expires next Sept 2015 (or should that be October?).
When should I start looking around to replace it as I believe sometimes it takes a few months to sort?
I will be looking at a repayment mortgage this time around.
Thanks.
[STRIKE]Sept 2014: Owe £25,500 [/STRIKE] \ £20,535.
[STRIKE]debts 7[/STRIKE] / 5 more to go.
Next one to attack - First Direct Loan of just over £2000.
[STRIKE]debts 7[/STRIKE] / 5 more to go.
Next one to attack - First Direct Loan of just over £2000.
0
Comments
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June/July 2015.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Beginning to wonder if it runs out next year or 2016 now.
Nationwide website is down so will check later - hope it is 2016, but I seem to recall it being 2015.
[STRIKE]Sept 2014: Owe £25,500 [/STRIKE] \ £20,535.
[STRIKE]debts 7[/STRIKE] / 5 more to go.
Next one to attack - First Direct Loan of just over £2000.0 -
Thanks kingstreet.
I can't thank you via the button as it doesn't show up. Possibly a newbie restriction.[STRIKE]Sept 2014: Owe £25,500 [/STRIKE] \ £20,535.
[STRIKE]debts 7[/STRIKE] / 5 more to go.
Next one to attack - First Direct Loan of just over £2000.0 -
Our system logs the end date of each product and calls up a diary date four months before the expiry date.
We used to do three months, but we found the existing lender was doing that and people were accepting a new deal without having us compare with other options in the market, so we start a month earlier now.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
:beer:
Just checked and: "Agreed redemption date September 2016."
I thought it was next year but now seems I have another year on a low tracker. Since I am overpaying £500 a month it means it will have reduced to under £60,000 by then and I should also have cleared all my other debts.
:j:j:j
[STRIKE]Sept 2014: Owe £25,500 [/STRIKE] \ £20,535.
[STRIKE]debts 7[/STRIKE] / 5 more to go.
Next one to attack - First Direct Loan of just over £2000.0
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