We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Pay ERC or wait a month?

Options
2»

Comments

  • london21
    london21 Posts: 2,142 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    jonnypb said:
    I had decided to pay the ERC, BUT you can’t do that without an appointment with a Natwest mortgage advisor over the phone. The waiting times is currently 6 weeks which is after the next BoE announcement :-(

    Just a heads up for anyone thinking of doing the same, get an appointment booked in even if you’re still unsure.
    Sometimes people cancel can call in every few days to check if there is an earlier slot available.

    This cost me some money because we tried to get an appointment but there was none soon and the date I eventually got rate had gone up.
  • jonnypb said:
    I had decided to pay the ERC, BUT you can’t do that without an appointment with a Natwest mortgage advisor over the phone. The waiting times is currently 6 weeks which is after the next BoE announcement :-(

    Just a heads up for anyone thinking of doing the same, get an appointment booked in even if you’re still unsure.
    I found the same when I called them today. Hopefully using an independent broker will be much quicker than waiting for Natwest's own advisors.
  • kazzyb123
    kazzyb123 Posts: 181 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Same here too, broker says nothing he can do and NatWest have no appointments for 6 weeks (have made an appointment for then) the amount  quoted to us on Friday has gone to £42 today, I dread to think what it will be by the time the appointment comes around 
  • housebuyer143
    housebuyer143 Posts: 4,257 Forumite
    1,000 Posts Third Anniversary Name Dropper
    The market is very up and down at the moment and feel you are probably picking one of the worst times to consider fixing. 

    Your mortgage is so low that increases are not going to affect you as badly and personally I feel the banks have already factored in the next rise and the future of the market as they see it. 

    In your shoes I would just let it run until May, and see what is available then. Maybe think the rates will peak next year then come down again.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.