Product transfer rates

redblueplanet

First post- getting panicked about mortgage rates like so many others

Our fixed rate is up at the end of Dec 22 and for simplicity sake (we have gone from being employed to setting up our own Ltd company), we are looking at getting a product transfer with the same lender (Leeds Building Society).

I can't see what deals we will be offered until 90 days prior to our current fix ending, but I'm wondering what kind of product transfer deals mortgage companies generally offer existing customers?

Are they usually better or worse rates than on the open market? We have a good LTV (about 30%) and have never defaulted - in fact we make regular overpayments.

I know we will very likely get another BoE base rate rise before the end of Sept, but any clues as to what we might get offered would be so helpful, thanks.

K_S

@redblueplanet Impossible to predict what the Leeds 65% LTV PT rate will be in a few months time, but with mainstream lenders PT rates will be competitive compared to what's available with other lenders at that point in time so you won't be losing out by much.

To illustrate that point, here is a sample of current Leeds PT fixed rates for their lowest LTV band. Pretty competitive.

redblueplanet

That's great, thanks so much. As long as they're competitive I can accept that!