Nationwide 3.44% Fixed

chezzzer

Hello,

My current nationwide fixed mortgage rate is 2.14% which ends on 30/11/22.

I have accepted nationwide 5 yr fixed at 3.44% no product fee to start on 1/11/22

Is this a good deal?

I couldn’t get an adviser appointment until the end of the month and I was worried about rates changing, so accepted online.

I have 11 yr left on my mortgage.

Any advice is much appreciated, Thank you, xx

 

kingstreet

Presumably you did this direct?

For others reading this, many brokers do rate switches/product transfers free of charge and had a broker been used here you would have been given details of Nationwide options and an overview of the remortgage market which tells you the best overall option.

Edi81

LTV? As kingstreet says a broker could have helped you with what else is in the market. 

K_S

chezzzer said:

Hello,

My current nationwide fixed mortgage rate is 2.14% which ends on 30/11/22.

I have accepted nationwide 5 yr fixed at 3.44% no product fee to start on 1/11/22

Is this a good deal?

I couldn’t get an adviser appointment until the end of the month and I was worried about rates changing, so accepted online.

I have 11 yr left on my mortgage.

Any advice is much appreciated, Thank you, xx

 

@chezzzer Certainly sounds competitive for a 60% LTV (that's the lowest LTV band for Nationwide) product.

You can do a sense check using the MSE mortgage comparison here

https://www.moneysavingexpert.com/mortgages/best-buys/ but do make sure you are looking at fixed rates when comparing.

Going by the LTV and term, I'm guessing it's a relatively small mortgage, in which case even if there is a slightly cheaper product out there with another lender, it's unlikely to make a noticeable difference.