First time remortgaging - Advice needed please.

manno_1988

Good afternoon. I'm looking for some assistance please.

I will soon be coming to the end of my 2 year fixed term on my first time buyer mortgage. I purchased a new build home and used the developers recommended Mortgage Advisor as I got discount to do so. I now have them harassing me everyday to ask for my current details so they can apply for a new mortgage elsewhere on my behalf. I presume this is so they can get paid again for finding me a new lender?

I've been extremely happy with Leeds Building Society who offered me my mortgage first time round and the mortgage advisor told me they probably won't offer to transfer me to a different product, however I am getting different feedback from friends and family.

Does anyone think its worth calling Leeds direct myself and ask what they can do? My 2 years is up in early July so would Leeds be willing to transfer me to a new product in hope of keeping me on their books?

Alternatively if you feel its best to reapply elsewhere then I will continue with the advisors.

Any help or advice is very welcome.

Thanks.

Neutrinno

Yes it is always best to look over the market to make a saving on the mortgage, consider other high street lenders. Leeds have a very high standard variable rate compared to other 'prime' lenders (5.69%!), so if they can't offer an attractive product switch I'd definitely do some research or leave it with a broker.

jkl123

I would give them a ring and ask what they can do but not actually set it up, and then see what the rest of the market can offer. Then weigh up which would be best taking into account any set up fees you would incur going with another lender. Have you read the remortgage guide? its really good