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Is now a bad time to remorgage?
Gonna-be-debt-free
Posts: 240 Forumite
I have been waiting until some other finances were in order before remortgaging - looking at going onto a 10 year fix over the remaining 10 years of the mortgage.
I am not expecting the recent rate reduction to be reflected in the rate on the new mortgage, because I understand many banks won't pass it on.
Is the current global situation likely to be affecting anything else to do with mortgages, such as acceptance? Just wondering if this is a bad time to be doing it.
I am not expecting the recent rate reduction to be reflected in the rate on the new mortgage, because I understand many banks won't pass it on.
Is the current global situation likely to be affecting anything else to do with mortgages, such as acceptance? Just wondering if this is a bad time to be doing it.
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Comments
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Best time to do it surely? Either that or SVR. Worst case is a rate switch with your current lender
I am a mortgage broker and IFA. 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 advice1 -
I've been thinking the same, just went saled agreed and looking at the best mortgage deals i'm hoping they will go down slightly.1
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thanks both
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