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HSBC Remortgage - Fixed to variable
viraltisticTs
Posts: 5 Forumite
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
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
0
Comments
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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.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.0 -
Switch to a different product as you're still an existing customer with them.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
I'm in the same situation as you as I'm also with HSBC and the current FR ends in July.0
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