Got mortgage offer - seen better now

LostSocks

We are currently buying a house (offer accepted in November) but we are not due to complete till April because the house at the top of the chain is a new build.

We decided on a 10 year fix and we went through a mortgage broker and got a rate of 5.58% with Norwich and Peterborough. We have now had our offer and we haven't exchanged yet - still waiting for a few queries to be answered.

We've now seen the first direct offer of 5.15% for 10 year fix, and we have worked out that we could either save £30 a month or have the mortgage for only 27 years instead of the intended 30 years. I want to investigate if further and maybe even take it out instead of what we have got.

Do you think this is good thing to do? Hubby is a bit worried that they may think we are messing them around in the chain, but I think we have enough time to sort it. Only thing I'm worried about is that I don't think the mortgage broker is going to be able to do the first direct mortgage and feel a bit bad about it.

poppy10_2

Go for it. You don't owe your mortgage broker anything, he's not your friend or relative.

_Andy_

Don't feel bad about it - YOU are the client/customer, you're not there to do him favours.