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Fixed rate ending help
daveleach
Posts: 14 Forumite
My current fixed rate with nationwide is ending in November.
I also have a further advance that i ported from my previous property.
This is currently on nationwide BMR, which you can no longer get.
So my dilemma is when searching a new deal, do I just look for a new deal for the larger mortgage, or combine the two and get a larger single mortgage?
I also have a further advance that i ported from my previous property.
This is currently on nationwide BMR, which you can no longer get.
So my dilemma is when searching a new deal, do I just look for a new deal for the larger mortgage, or combine the two and get a larger single mortgage?
0
Comments
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You can't combine the two.
You can keep the first tranche on BMR and have a new product on the later borrowings, or you can have both on a new product.
You will always have two sub-accounts within your mortgage.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 -
Yeah that's what I mean have both on a new product?0
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Do you value the flexible features of BMR, such as borrow-back and payment holidays, or are you completely motivated by rate?
https://www.nationwide-intermediary.co.uk/products/existing_nationwide_borrowers
Not one someone can answer for you...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 -
Thanks for replies so far
I think just interested in the price I pay every month, however i was thinking about some extra borrowing to build shed/man cave in back garden. However not sure this is the right way to go about it0 -
Your product selections make no difference to further advance rates.
If you have made overpayments in the past, you can use "borrow-back" if you remain on BMR.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 -
No not made overpayments in the past
Is it worth keeping the further advance that is in the BMR0
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