Renegotiate early

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Zorillo
Zorillo Posts: 774 Forumite
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in Mortgages & endowments
I am 3 years into a 5 year fix. There are currently better 5 year fixes on offer by the same provider. I assume I cannot renegotiate early, am I right?

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  • amnblog
    amnblog Posts: 12,445 Forumite
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    You are correct
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • dimbo61
    dimbo61 Posts: 13,716 Forumite
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    However you can check out how much the ERC,s are now and see if it would pay you to switch lenders and take a new deal.
    Read the terms and conditions of your current mortgage deal.
    Maybe give the lenders mortgage centre a call and ask how much would you have to pay to redeem the mortgage.
    Then see what new deals with your LTV you can get.
  • Zorillo
    Zorillo Posts: 774 Forumite
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    Thanks Dimbo, I will do that.
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