Remortgage Offer - Question

mah0109

Hi,

My 2yr fixed term deal ends at the end of the year and my existing lender has sent an offer of renewal (for want of a better phrase).

Compared to my exiting rate, the new rate isn’t eye watering but I know that there is, potentially, better out there. 

I’m wondering if it is the done thing in the mortgage world to call my lender, in the same way I would with a home insurance provider, and ask if they are prepared to renegotiate their offer?

ultimately this just comes down to my own laziness and reluctance to go through the ordeal of a new mortgage/remortgage application if it can be avoided.

Thanks.

Hoenir

mah0109 said:

I’m wondering if it is the done thing in the mortgage world to call my lender, in the same way I would with a home insurance provider, and ask if they are prepared to renegotiate their offer?

Be a complete waste of your time. The choice of products at any particular point of time is fixed. 

Inbetweeners

It's your choice, take what tbey are offering without the full blown application or shop around and do the full blown application. There will be no negotiation on retention products.