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Remortgage advice
fondue
Posts: 229 Forumite
Hello,
Just changed mortgage product as was due to end at end of March.
Gone on to 5 year fixed rate at 5.63% with Nationwide. There was no product set up charge as we are already with them.
Planning on releasing an additional £30,000 of equity to convert the loft but have been told that will require a product charge of £499 to go on 5.63% fixed term product.
Is it possible to go to another lender to get this £30,000 on a better deal as I have seen less fixed term rates? Or are you stuck with the same lender?
Cheers
Just changed mortgage product as was due to end at end of March.
Gone on to 5 year fixed rate at 5.63% with Nationwide. There was no product set up charge as we are already with them.
Planning on releasing an additional £30,000 of equity to convert the loft but have been told that will require a product charge of £499 to go on 5.63% fixed term product.
Is it possible to go to another lender to get this £30,000 on a better deal as I have seen less fixed term rates? Or are you stuck with the same lender?
Cheers
0
Comments
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Anyone please???
0 -
YOu cannot go to a high street lender for a second charge mortgage - which is what you are effectively looking for.
If you wanted to go to a different lender, the rates would not be as good as the Nationwide deal - staying with them is going to be your best optionI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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 -
Cheers for that0
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