Pay ERC or wait a month?

london21

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.

ElwoodBlues

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

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

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.