New customer remortgage rates better than existing customer ones

td783

Hi,

I am about to remortgage and am currently with NatWest. The best rate they are offering me on product transfer is 1.87%. However, when going through their site as a "new customer" remortgaging they offer 1.53%. Does anyone know what the chances are of me being able to get the new customer rate if I called them and told them there is no way I will remain with them at the 1.87% offered rate? Has anyone had experience of doing this?

FYI, I have shopped around and have a better product lined up to move to but I would stay with NatWest if I could get that better rate.

TIA.

penners324

What are the product fees for the 1.57% rate? What are the solicitors fees and product fees for the remortgage offer you have?
All these could easily wipe out any savings you get from the 0.3% difference 

ACG

0%. 
Look at Sky/Virgin/Insurance companies/other lenders - they all rope you in with a good deal and then hope you will stay even if it costs a little more. 

You have a choice, take the deal for an easy life even though it costs a little more or go through a new application. 

td783

ACG said:

0%. 
Look at Sky/Virgin/Insurance companies/other lenders - they all rope you in with a good deal and then hope you will stay even if it costs a little more. 

You have a choice, take the deal for an easy life even though it costs a little more or go through a new application. 

Fair enough, thank you!