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Remortgage to Nationwide
pcsel
Posts: 8 Forumite
My 2 year fixed 1.92% rate with Halifax is due to come to an end 31/12/2021... Their follow on deals weren't favourable so I shopped around.
Having got my LTV down to 29% I was looking for a favourable deal without fees and no broker involved.
I went through the process direct with Nationwide who gave me an offer a couple of weeks into October using their own internal ENACT Conveyencers to keep the costs down.
All searches done (financial, property value, mortgage deed form) and 58% towards completion (according to the conveyencers progress chart) just final settlement from Halifax and a firm completion date after my fixed rate ends...
I've got to pay 4 days interest at 3.59% on 4th Jan 2022 as that's the first working day of 2022 I can complete.. Annoying but as I'm not paying a lot of fees elsewhere I'll take the hit for the new 3 year fixed rate of 1.14% that I'm getting from Nationwide.
My question is, I am hearing loud rumblngs about rate rises, Nationwide withdrawing Trackers and low % mortgages. As mine isn't due to complete until 4th Jan 2022 is there any way they can renege or go back on the 1.14% and try and change it? I know they can withdraw the offer but that amounts to a loss of business and not in their interest, plus it's gone quite a long way down the proces now. Offer was due to expire April 2022. Probably unduly worrying I know.
Having got my LTV down to 29% I was looking for a favourable deal without fees and no broker involved.
I went through the process direct with Nationwide who gave me an offer a couple of weeks into October using their own internal ENACT Conveyencers to keep the costs down.
All searches done (financial, property value, mortgage deed form) and 58% towards completion (according to the conveyencers progress chart) just final settlement from Halifax and a firm completion date after my fixed rate ends...
I've got to pay 4 days interest at 3.59% on 4th Jan 2022 as that's the first working day of 2022 I can complete.. Annoying but as I'm not paying a lot of fees elsewhere I'll take the hit for the new 3 year fixed rate of 1.14% that I'm getting from Nationwide.
My question is, I am hearing loud rumblngs about rate rises, Nationwide withdrawing Trackers and low % mortgages. As mine isn't due to complete until 4th Jan 2022 is there any way they can renege or go back on the 1.14% and try and change it? I know they can withdraw the offer but that amounts to a loss of business and not in their interest, plus it's gone quite a long way down the proces now. Offer was due to expire April 2022. Probably unduly worrying I know.
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