Remortgage question

Habib2342

Hi

My fixed rate period comes to and end on 30/9/23. Trying to source a new deal at the moment but the 2 brokers I deal with are hesitating to provide me with the latestmortgage rate data, given theh recent turmoil in the money markets. Should I wait for them to come back to me or secure the best possibledeal I can find for myself online asap ?. 

thanks, 

Edi81

Rates are changing almost daily so between them talking to you and putting in the application it may have changed. 

What is your current lender offering? If you just need another fixed rate with no other changes it may be easier and quicker. 

Habib2342

don't know yet, will call them tomorrow. Been paying 2.14% for last 5 years but now looking to pay at least 2.5 times more than that....thank you truss/kwarteng...

I'll see what i can find online and compare with my current lender

simon_or

What's the point of using two brokers if they are both whole market brokers? 99% of the time they all have the same banks and rates. You shouldn't be waiting days to get a recommendation.

If you're using a broker get a good one you trust and who replies to your emails quickly and then stick to them, a solid broker is worth their weight in gold.

You don't need a broker to tell you what the best rates are, the Martin Lewis mortgage best buy tool or any of the other mortgage comparison sites will tell you that. 

With a September fix, You could have got a rate 1-2 months ago when they were much lower, don't delay any more, check your own current bank as well.

You can always change to a lower rate if rates go down before September but if rates rise and you haven't got a rate, then that opportunity is gone, so the earlier the better.

At8

Ask your own bank ASAP! Good Luck!

SuseOrm

I reckon the following rate that you’re gonna get offered by your existing lender would be your best bet by the time you add in the product charges.  I am so glad about three weeks ago. I excepted the follow on rate,  didnt think it was amazing. Turns out it is 

born_again

Habib2342 said:

Hi

My fixed rate period comes to and end on 30/9/23. Trying to source a new deal at the moment but the 2 brokers I deal with are hesitating to provide me with the latestmortgage rate data, given theh recent turmoil in the money markets. Should I wait for them to come back to me or secure the best possibledeal I can find for myself online asap ?. 

thanks, 

Contact current lender. They may have deals & that would not require any proof of income etc.