Base rate

valleyboy22

Hi,

I am with Natwest and taken out a re-mortgage with then at 6.1% around £200 more each month, but it don't go into effect until next month.

I was advised that it could come down and to ring up come closer to the time to see if it has and they will put the updated offer to me. How would i check this if id does happen without ringing them all the time does anyone know please? I have heard it can, but not to hopeful it will to be honest and going to hit us hard if this don't.

Thanks

housebuyer143

valleyboy22 said:

Hi,

I am with Natwest and taken out a re-mortgage with then at 6.1% around £200 more each month, but it don't go into effect until next month.

I was advised that it could come down and to ring up come closer to the time to see if it has and they will put the updated offer to me. How would i check this if id does happen without ringing them all the time does anyone know please? I have heard it can, but not to hopeful it will to be honest and going to hit us hard if this don't.

Thanks

You can check on the website.

K_S

valleyboy22 said:

Hi,

I am with Natwest and taken out a re-mortgage with then at 6.1% around £200 more each month, but it don't go into effect until next month.

I was advised that it could come down and to ring up come closer to the time to see if it has and they will put the updated offer to me. How would i check this if id does happen without ringing them all the time does anyone know please? I have heard it can, but not to hopeful it will to be honest and going to hit us hard if this don't.

Thanks

@valleyboy22 Is this a re-mortgage (moving from a different lender to NatWest) or a product-switch/PT (staying with NatWest)?

Assuming it's a PT, for intermediary (broker) NatWest product-switch (PT) rates, you can see the latest rates in the document titled "Product Transfer rates and range guide" on this page https://www.intermediary.natwest.com/intermediary-solutions/products.html

I've no idea where you can see the current direct PT rates but it's reasonable to assume that if intermediary PT rates go down (like they did yesterday), the direct PT rates would go down as well.

NatWest does sometimes dabble in dual-pricing (different PT rates for brokers and direct), sometimes in the favour of the broker and sometimes the other way, so it would be money-saving to keep an eye on both.

valleyboy22

K_S said:

valleyboy22 said:

Hi,

I am with Natwest and taken out a re-mortgage with then at 6.1% around £200 more each month, but it don't go into effect until next month.

I was advised that it could come down and to ring up come closer to the time to see if it has and they will put the updated offer to me. How would i check this if id does happen without ringing them all the time does anyone know please? I have heard it can, but not to hopeful it will to be honest and going to hit us hard if this don't.

Thanks

@valleyboy22 Is this a re-mortgage (moving from a different lender to NatWest) or a product-switch/PT (staying with NatWest)?

Assuming it's a PT, for intermediary (broker) NatWest product-switch (PT) rates, you can see the latest rates in the document titled "Product Transfer rates and range guide" on this page https://www.intermediary.natwest.com/intermediary-solutions/products.html

I've no idea where you can see the current direct PT rates but it's reasonable to assume that if intermediary PT rates go down (like they did yesterday), the direct PT rates would go down as well.

NatWest does sometimes dabble in dual-pricing (different PT rates for brokers and direct), sometimes in the favour of the broker and sometimes the other way, so it would be money-saving to keep an eye on both.

Hi,

Yes i am already with them because my one with them expires next month. Every little helps if it comes down a bit.

valleyboy22

How often are these reviewed? only asking because should i wait until the end of this month to see if it goes lower?