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Help - Remortgaging
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If your mortgage is currently 95% of the current property value and you currently have two incomes, I would look for a new mortgage deal now. Find a lender that gives you 6 months to complete your mortgage, so you would get your mortgage offer in say July (while you are working) and hold off completing until your current deal ends in December.
Come November you can see what HSBC will offer you, if it is better than the new mortgage you have found you take the HSBC deal, if not you take the new deal.
Best to do this through a broker as they will know which lenders will allow 6 months from offer to completion.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Unfortunately we can't do the rate matcher - which would have been perfect for us because our fixed rate doesn't end until December and at the moment its only possible if your mortgage ends before the end of August (not sure how long they are going to keep extending this as it was originally June). We are happy to pay a high product fee for the peace of mind.
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HSBC's intention is to keep the RateMatcher scheme running all year. I'd expect it to go for the next 3 months at minimum.0
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