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Remortgage now or wait until move?

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Comments

  • Gambler
    Gambler Posts: 3,332 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'm having a similar dilemma in that my fixed rate ends on 31-May. I want remortgage now as current lender C&G is so uncompetitive. My house is under offer but our purchase fell through last week so we are looking again.

    I'm wondering if I should just remortgage now for current house but take apply for a higher amount (+£30K) so i can then port easily to my new house.

    Any thoughts?
  • MarkyMarkD
    MarkyMarkD Posts: 9,912 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Again, I wouldn't remortgage now. It's 10 weeks till your mortgage product expires; you might have sold by then.

    You would be remortgaging for the sake of saving a month or so's interest rate differential.

    See whether your current lender will give you a free (or very cheap) product switch to something with no ties.
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