Natwest mortgage

Clappouk

hello 
my old mortgage was due to end on the 31st december, i left it till the 18.12 as was expecting other cuts but they didnt come from natwest.  at the time i think the best deal was like 4.9 and natwest was 5.4 and i didnt want to go through all the hassle of moving to a new bank.
so i stayed with natwest on the comparison the best deal now is 5.15 with natwest i called them as i was hoping i would move to this new rate.

natwest told me that the best rate to stay with natwest is still 5.4 as its not a remortgage its a switch so is this accurate as its a bit misleading as no sites give you a switch option just remortage new mortgage etc.

im a bit frustrated as its a huge drop of .25% equates to nearly 20 pound a month im contemplating switching now for the better deal of mid 4% and pay the cost of 859 quid and closing my natwest current account also

thanks in advance for any guidnace

Clappouk

ps they told me there is no cooling off period on a mortgage also it could have passes as i renewed on the 18.12 i forget to ask if it had

amnblog

The best NatWest rate is a lot less than that for most borrowers. Perhaps as low as 4.86%

Speak to a Broker

fergie_

Have you taken out a new deal? If so, you are likely to be locked in, unless they allow a cooling off period.

If not, and you think rates will continue to drop (they are going down again tomorrow), have a look at their fee free tracker option. Its more expensive, but allows you to switch back off it at any point.