Does this sound a good deal?

united4ever

so renewing and looking 5 year fixed . Am with Natwest who offer 2.23 to renew with £995 fee. However, called L&C who say they can renew it with Natwest for 2.03%. Can they get better rate for an existing Natwest customer than what Natwest offer me? I was surprised....am I missing something?

Also, is that a good rate.....should I shop around more?

Thanks

dimbo61

Well a little more information might help !
Loan to Value, outstanding mortgage debt, term ?
£995 fee might be huge if you only owe £25,000 but chicken feed if you owe £2,000,000.
You know how long the mortgage has to run, your credit score and if you can get a better deal

united4ever

sure...19 years remaining, 130k mortgage on property of approx 300k value. Credit score good but I do have 6k on a credit card which I could clear but would rather not (it's on 0% interest for another year or so).

bland

Metro Bank currently offering 1.89% fixed for 5yrs with £499.00 fee. Might be worth a look?

kingstreet

2.03% with £995 fee is the NatWest five year fixed retention product upto 60% LTV via brokers.

These changed on 9 November.

kwame41

Better deals available, try some comparison sites.

united4ever

Thanks, yeah the 1.89 with metrobank is tempting but seems I would have to pay for a valuation report.....how much do they normally cost?...alternatively they do a 1.94% with legal assist and no valuation fee.



Would I likely be accepted with my cc debt of 6k or is this going to be a headline rate to draw you in?