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Remortgage for a better deal

Ollie_1987
Ollie_1987 Posts: 6 Forumite
in Mortgages & endowments
Hi my current and 1st mortgage deal is due up in march. I am going to use london and country as a broker, is it to early to get the ball rolling? Im with marsden building society atm, do you think i am right to look elsewhere for better deals?

Thanks
Ollie

Comments

  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    At the same time, compare your current lender's standard variable rate and ask it if it has any customer retention products (for existing borrowers not moving home whose deals are coming to an end) from which you can choose as an alternative to SVR, if that is indeed your "follow-on" rate.
    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.
  • Ollie_1987
    Ollie_1987 Posts: 6 Forumite
    kingstreet wrote: »
    At the same time, compare your current lender's standard variable rate and ask it if it has any customer retention products (for existing borrowers not moving home whose deals are coming to an end) from which you can choose as an alternative to SVR, if that is indeed your "follow-on" rate.

    Thanks kingstreet. If i was to ring them today would they be a me to tell me? Even if it was just a rough idea.
  • amnblog
    amnblog Posts: 12,764 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your are not too early Ollie.


    Your current Lender probably displays available rates for existing borrowers on their website. Commit to nothing until you have explored the whole of the market.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Ollie_1987
    Ollie_1987 Posts: 6 Forumite
    amnblog wrote: »
    Your are not too early Ollie.


    Your current Lender probably displays available rates for existing borrowers on their website. Commit to nothing until you have explored the whole of the market.

    Thanks. So would you advice to ring a broker asap to see what deals are out there for me?
This discussion has been closed.
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