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Pay ERC or wait a month?
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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.
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.0 -
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.0 -
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 around0
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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.0
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