HSBC Remortgage - Fixed to variable 7 February at 5:43PM in Mortgages & endowments 2 replies 167 views

viraltisticTs

Hi all

We are due a remortgage in July. If we move from fixed to variable rate - does this constitute a new deal that requires underwriting or is it a simple rate switch i.e. like when i switched from fixed to another fixed deal which was just accepted?

Thanks

kingstreet

If remaining with the same lender, it's a rate switch or product transfer and there is little/no underwriting.

Variable to fixed, tracker or vice-versa isn't relevant.

FashionHeart

viraltisticTs said:

Hi all

We are due a remortgage in July. If we move from fixed to variable rate - does this constitute a new deal that requires underwriting or is it a simple rate switch i.e. like when i switched from fixed to another fixed deal which was just accepted?

Thanks

Switch to a different product as you're still an existing customer with them.
I'm in the same situation as you as I'm also with HSBC and the current FR ends in July.