NatWest appointment 6 wks away. Any other way??

kazzyb123

Moneysavernov said:

kazzyb123 said:

biscan25 said:

kazzyb123 said:

Moneysavernov said:

That sounds right. To go with someone else you would have to go through the affordability. I could get much better offers else were however now the rates have gone up I couldn’t pass affordability. 

Only thing you could do is ring up every morning asking for cancellations. Fingers crossed you get lucky.

How long you looking to fix for out of intrest. 

Hi, I’m was wanting to stay with Natwest, my partner is self employed so we won’t be approved if we go through the affordability checks because of covid. I will try to call for a cancellation but the wait for the calls to be answered is over an hour!

I would try not to worry. Those fixing today, could possibly be fixing at right at the peak of the rates, obviously no guarantees though.
Also, if you're just coming off a fix, you must be paying way less than market interest rates, you should add that difference onto your ERC to determine whether it is worth remortgaging now, or waiting.

The thinking seems to be that the rates will rise higher so I’d rather know I’m ok, my current rate is 2.16 and on Friday it was 3.69 so not too much higher (£80 a month) the ERC was about 950. So 9 months at an extra 80 plus 950= 1670. If the rates go up to 6 percent I could be paying 1700 a month by august, an increase of over 1000 a month so it was definitely worth fixing. I’ll just have to wait and see what the rate is when the appointment comes around. So frustrating that they done have better systems in place, they must be losing business too!

100% correct. This is my way of thinking 
worth risking overpaying rather than not being able to afford it at all if rates go higher and you don’t have 100s spare.

could drop right down  could shoot right up. 

The only problem is I cant get that rate now anyway and god knows what it will be by mid November