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How often are banks increasing interest rates on mortgages?
Comments
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I visited a NatWest branch yesterday and the advisor insisted that brokers do not get favourable rates, and 3.09% would be the best available to anyone at present.tafelmoneysaver said:Yes, should have been 2.99% ! Edited and corrected1 -
@jimeji Afaik, the NatWest adviser is indeed correct at present.Jimeji said:
I visited a NatWest branch yesterday and the advisor insisted that brokers do not get favourable rates, and 3.09% would be the best available to anyone at present.tafelmoneysaver said:Yes, should have been 2.99% ! Edited and corrected
This page will give you the current NatWest intermediary PT rates.
https://www.intermediary.natwest.com/intermediary-solutions/products.htmlI 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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Was helping my friend with her re-mortgage and Natwest have already increased rates yet again.
She has appintment for tomorrow but the rates between Natest and Barclays not much maybe better off just sticking with Natwest than switching to Barclays.
ERC of £1k as deal on till 31/03 and to leave before 31/09 about £1k ERC.
Barclays 3.35%
Natwest 3.510 -
Very interesting, thanks K_S. It looks as though rates were increased yesterday (12th July).K_S said:
@jimeji Afaik, the NatWest adviser is indeed correct at present.Jimeji said:
I visited a NatWest branch yesterday and the advisor insisted that brokers do not get favourable rates, and 3.09% would be the best available to anyone at present.tafelmoneysaver said:Yes, should have been 2.99% ! Edited and corrected
This page will give you the current NatWest intermediary PT rates.
https://www.intermediary.natwest.com/intermediary-solutions/products.html
I went through the portal on the 11th and applied for the 5 year at 3.09%. There was an error on the page and appeared not to complete. Having called NatWest this morning, (queued for 30 minutes) it appears my application was lodged and the offer is being sent to me.
The same deal now appears to be 3.24%0 -
Just to update on this, NatWest claim to have sent the offer numerous times on email but still not received. They now claim that 24hr from Friday morning actually means COP Monday. Hopefully it will arrive as the offer expires after 2 weeks if not signed and agreed.
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