Remortgage haggle Natwest

Hoenir

heytoki said:

Hoenir said:

heytoki said:

Also, looking at the news, i will wait now to August and see if the deal improves. 

Mortgage rates might even increase. 

out of ignorance, why the rates would go up if the BOE cut interest rates in August?

Because the BOE does not directly set mortgage rates it merely influences them.  Rates are currently available at below base rate whereas historically they sat above. A side effect of the QE era. With still much liquidity to be drained from the banking system. There's also billions of pounds of refinancing in the pipeline as fixed term products come to an end. Wider afield there's also all the longer term commercial refinancing to come. Normality is some way off. 

fergie_

Worth locking in a deal now and you can always cancel it and select another if the rates improve, right up to your current deal end date.

Brokers can sometimes access better rates than the app shows. The other reason is they drive business to the bank.

TheJP

Exodi said:

You've got nothing to lose, please let us know how it goes (I'd wager you'll be wasting your time).

I'd probably leave this bit out of it though, comes across as a bit petty and they're unlikely to be that bothered considering you're still committing to pay them thousands in interest every year.

heytoki said:

What i was thinking it is to call Natwest and ask them for the second deal and waive the £995 and if they refuse, i will tell them that i will go to the financial advisor who will get me the first deal anyway and Natwest will have to pay him. 

Well he has his time to lose as he will get nowhere. Banks don't 'haggle', they also probably pay the FA less than the £995 fee, they also wont be interested in doing him a favour and saving him some £.