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What happens if a bank's new customer mortgage rates are better than its product transfer rates
ds83
Posts: 11 Forumite
Let's say you're with Natwest and its time to renew your fixed rate mortgage. The best remortgage deal on the market (for new customers) is from Natwest. Meanwhile its product transfer rate is more expensive. Can you get the new customer rate? And if so, do you have to go through affordability checks or will it be treated as a product transfer?
0
Comments
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No you can't get it, as you are not a new customer.
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You'd have to apply as a new customer.
Conveyancing, affordability, the whole lot1 -
As above is correcthousebuyer143 said:No you can't get it, as you are not a new customer.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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