Renegotiating interests on my already agreed FTB mortgage

zwobott

Hello

I am first time buyer, we've found a house, made an offer, accepted, got mortgage with Barclays on 1.43%, 5-years fixed, 60% LTV, all paperwork is with solicitors at the moment.

Out of interest, I have checked today Martin's mortgage calculator and it shows me if I had applied today (the same criteria on my side), I would get 1.34%, which on a 5-year fixed deal could save me around £700 (or a decent fridge-freezer). I have already spent an hour on the phone with Barclays (mainly waiting) and my mortgage advisor will be contacted and see what could be done.

Do you think it could work and I would be able to lower my interest rates to that level?

Thank you for all answers.

Seashell517

I had on offer from Halifax on a product that had a £1.5k fee. A couple of days after I received the offer, Halifax added a no fee product with a marginally higher interest rate. My broker had it changed over for me, and Halifax re-issued paperwork for an offer of the new product. So in some cases it is definitely possible.