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First time remortgaging help required
649tom
Posts: 3 Newbie
Hi all.
We're 3 months from the end of our first 2yr fixed period and looking to stay with Nationwide and taken out a new product.
I'm surprised to discover that we can only get an offer of 2.09% up from 1.99 2yrs ago even though we have moved to an 80% LTV. Should we wait to see if Nationwide will improve their deals in the next 6wks or so so come in line with the BofE base rate?
I feel a bit cheated than we can't get a better deal after paying off so much capital and base interest rates at record lows.
We'd really appreciate your help. Especially if you're a Nationwide customer too.
Thanks
We're 3 months from the end of our first 2yr fixed period and looking to stay with Nationwide and taken out a new product.
I'm surprised to discover that we can only get an offer of 2.09% up from 1.99 2yrs ago even though we have moved to an 80% LTV. Should we wait to see if Nationwide will improve their deals in the next 6wks or so so come in line with the BofE base rate?
I feel a bit cheated than we can't get a better deal after paying off so much capital and base interest rates at record lows.
We'd really appreciate your help. Especially if you're a Nationwide customer too.
Thanks
0
Comments
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@649tom With all due respect, the lending environment currently is nothing like what it was 21 months ago. If you're talking about the 5yr fix, that's very competitive to be honest. A quick look at the MSE mortgage finder should confirm that.
I am a Mortgage Adviser - 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 advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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If that is a 5 year fix I would bite their hand off for it!
We have just fixed for 5 years at 2.3% which we thought was a good deal.0
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