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Natwest Remortgage 6 Month Question
soundrunner
Posts: 12 Forumite
Hello there, new to the forum and looking for some advice!
My Natwest 1.53% 2 year fixed mortgage expires June 30th 2023 so I can renegotiate on December 30th 2022.
If I choose a new deal on the 30th December, will this be effective immediately or will it not kick in until my current deal expires?
Many thanks
My Natwest 1.53% 2 year fixed mortgage expires June 30th 2023 so I can renegotiate on December 30th 2022.
If I choose a new deal on the 30th December, will this be effective immediately or will it not kick in until my current deal expires?
Many thanks
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Comments
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When current product expires.I am a mortgage broker. 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.1
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NatWest only showed us new deals 3 months before the mortgage expired. Not sure if that has changed now though!1
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Thank you! How recent was this?0
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It did change a few months ago (1 july 2022). I remortgaged in early June for end of September effective date, then a couple of weeks later this came in. We could have fixed way lower if it was in place before.Bluebell1000 said:NatWest only showed us new deals 3 months before the mortgage expired. Not sure if that has changed now though!Pensions actuary, Runner, Dog parent, Homeowner1 -
@bluebell1000 This changed to 6 months from July 2022.Bluebell1000 said:NatWest only showed us new deals 3 months before the mortgage expired. Not sure if that has changed now though!
@soundrunner With regard to the date, to be precise, if your fix ends 30/06/2023, you will be able to select a new product from 3rd Jan. At least that's what NatWest has told intermediaries about PT windows.soundrunner said:Hello there, new to the forum and looking for some advice!
My Natwest 1.53% 2 year fixed mortgage expires June 30th 2023 so I can renegotiate on December 30th 2022.
If I choose a new deal on the 30th December, will this be effective immediately or will it not kick in until my current deal expires?
Many thanks
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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Thanks or this, how come it would be 3rd Jan and not 30th Dec?0
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It's right there explained in the post above your's - if the 1st falls on a Sunday, Monday or bank holiday.....
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Understood, thanks very much0
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