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Exchanging tomorrow but should i re-do my mortgage?
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
Hi i've arranged a 5 year deal with Nationwide on my new house, looking to exchange tomorrow and complete on the 17th August.
Thing is if the rates go down today will i be able to go back to Nationwide and re-do my mortgage deal if they reduce the rates?
Thing is if the rates go down today will i be able to go back to Nationwide and re-do my mortgage deal if they reduce the rates?
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Comments
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No.
The new products won't be out straight away and it would take weeks to reapply, have the new offer sent out etc etc. All for the sake of saving maybe £20 a month. Not worth it.0 -
You can change products and get a new offer in about a week without any need to reapply.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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Rates haven't changed anyway.0
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Yep so much for the drop eh, still stay the same deal then, shame i never get this house buying times right lol...
Worst was completing the day before they dropped the rates by 5% back in 2008 timing myself into a 3 year deal lol...0
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