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Desperate to fix / delays / dilemma!

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Comments

  • Fed said:
    I spoke to a broker on Thursday, I asked if they knew when they changed rates and they indicated Natwest previously notified them at 4pm for a 5pm change if that helps.  I was a remortgaging and went with the deal Natwest had offered us @ 3.69 that afternoon as it was better than the broker could do.  Just checking price comparison website it looks like Natwest rates have gone up since I checked on Thurs if i'm not mistaken
    Which raises a whole new question: why the heck are brokers’ rates worse than the direct to consumer rates?

    i know the answer: because it’s a con. You apply for the better direct rate and 7 months later when you get your telcon with the mortgage advisor they’ve gone up by 6%


  • K_S
    K_S Posts: 6,891 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    K_S said:
    Did Natwest change their rates at COB yesterday? Website still shows their previous rates but comparison sites all showing much higher rates. 
    @thriftypatos If you're referring to intermediary rates, you can see the latest updates here. I don't see any very recent changes and haven't got any notification from NatWest either.
    https://www.intermediary.natwest.com/intermediary-solutions/products.html
    Thanks so much. Got an appointment to apply at 11am Monday. What are the chances these will change before then?!
    @thriftypatos Very low imho, though I would not expect the current rates (which have only Halifax purchase products for competition) to last more than a few days.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • K_S
    K_S Posts: 6,891 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 2 October 2022 at 9:43AM
    @thriftypatos Looks like it's come sooner than I expected! Hopefully whatever product it is that you're looking at isn't going up by too much. 
    https://forums.moneysavingexpert.com/discussion/6391405/natwest-broker-rates-going-up-from-tomorrow

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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