Remortgage to a Fixed Rate Now?

WineDarkSea

I suppose sticking with our current lender, and having to do so again if we port the mortgage, means no chance of requiring a broker.

kingstreet

Porting the rate, you mean?

Your current mortgage is repaid from the sale proceeds of your current property and you will apply for a new mortgage on the new property.

A broker? Maybe, maybe not. Who knows?

We're just suggesting you retain as much flexibility as possible just in case there is something in the make-up of your next purchase your current lender doesn't like...

We get clients come along every day who have recently taken a deal from their existing lender, fully expecting to be able to port it, then find they can't.

Yesterday's was West Bromwich BS. Customer retention product taken five months ago. Borrowers now want to buy a newbuild on HTB which WBBS doesn't offer. End result £3k penalty to be paid on redemption of the existing mortgage.

getmore4less

At 25% LTV there are better lifetime tracker rates available.

getmore4less

Your cost calculations & projections are wrong which will hamper any analysis.

you can't use monthly payment to compare mortgages.