NatWest morgage . Selling home

Crashy_Time

https://www.rightmove.co.uk/property-for-sale/property-75004898.html

75k asking price cut so far on this one.

phill2-0-0-3

Carrot007 wrote: »

So what you are saying is you have had a biased guess rather than a valuation?


Might be worth paying for a real valuation to get back to reality?

Who would be able to do this ? I've only gone with estate agencys ? Thanks

phill2-0-0-3

Crashy_Time wrote: »

https://www.rightmove.co.uk/property-for-sale/property-75004898.html

75k asking price cut so far on this one.

Yes I did see this for sale a few times unsure why it's not selling . I can convert mine into a three bedroom but wasn't recommend . Two doubles and a box room .

Crashy_Time

phill2-0-0-3 wrote: »

Yes I did see this for sale a few times unsure why it's not selling . I can convert mine into a three bedroom but wasn't recommend . Two doubles and a box room .

Seems it might have sold now, I think I am pretty sure why it wasn`t selling previously.

Owain_Moneysaver

Looks back on at £250k which seems reasonable, there is't much competition the cheaper 3-beds "need work". Drawback is no mention of parking - agent should mention ample on-street parking is available.

https://www.rightmove.co.uk/property-for-sale/property-66181380.html

bpj

On the mortgage front, why not switch to a tracker / discount rate mortgage? You should be able to get about the same rate as a 2 year fix without any worry about early repayment charges. The standard variable rate is always a rip off but that doesn't mean you need to fix.

Also, at the amount you are borrowing it's unlikely that paying a large product fee will work out cheaper than the free products. If you are using online comparison sites try sorting by initial term cost rather than lowest rate.

From a quick search I can find a few trackers at around 1.8% with no fee. What are you comparing to?

Edit: from your numbers it looks like you must have about 30 years left to run. In which case the best tracker I can quickly find on a comparison site, no initial fee and flat £65 redemption charge would give you a monthly outgoing of £550 (with Nationwide).

phill2-0-0-3

bpj wrote: »

On the mortgage front, why not switch to a tracker / discount rate mortgage? You should be able to get about the same rate as a 2 year fix without any worry about early repayment charges. The standard variable rate is always a rip off but that doesn't mean you need to fix.

Also, at the amount you are borrowing it's unlikely that paying a large product fee will work out cheaper than the free products. If you are using online comparison sites try sorting by initial term cost rather than lowest rate.

From a quick search I can find a few trackers at around 1.8% with no fee. What are you comparing to?

Edit: from your numbers it looks like you must have about 30 years left to run. In which case the best tracker I can quickly find on a comparison site, no initial fee and flat £65 redemption charge would give you a monthly outgoing of £550 (with Nationwide).

I've just seen this response . For some reason I don't get notified when any response comes through .
I hadn't heard of this kind of morgage before
So will look into this as soon as possible . Is there the normal £1000 fee to get the new morgage ?
Many thanks for the help much appreciated

hazyjo

phill2-0-0-3 wrote: »

I've just seen this response . For some reason I don't get notified when any response comes through .

Have you subscribed to the thread? Go to 'thread tools' above to subscribe.

bpj

The example I posted doesn't have a fee, and I don't think it's accurate to describe a fee as normal - unless you are focused on finding the lowest interest rates which will always have a fee attached.

In your case, because your mortgage is relatively small you would probably be better off with a slightly higher interest rate without the fee. On some mortgage comparison sites you can sort by cost of initial term rather than monthly payment / interest rate, which should show you the best options.

It seems that Natwest don't offer particularly good rates for this type of product so you might be better off switching to a new lender. This involves jumping through the same hoops as for the initial mortgage application.