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    • Zorillo
    • By Zorillo 8th Feb 18, 1:34 PM
    • 87Posts
    • 51Thanks
    Renegotiate early
    • #1
    • 8th Feb 18, 1:34 PM
    Renegotiate early 8th Feb 18 at 1:34 PM
    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?
Page 1
    • amnblog
    • By amnblog 8th Feb 18, 2:38 PM
    • 10,410 Posts
    • 4,116 Thanks
    • #2
    • 8th Feb 18, 2:38 PM
    • #2
    • 8th Feb 18, 2:38 PM
    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
    • By dimbo61 8th Feb 18, 8:11 PM
    • 9,845 Posts
    • 5,295 Thanks
    • #3
    • 8th Feb 18, 8:11 PM
    • #3
    • 8th Feb 18, 8:11 PM
    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
    • By Zorillo 10th Feb 18, 8:51 PM
    • 87 Posts
    • 51 Thanks
    • #4
    • 10th Feb 18, 8:51 PM
    • #4
    • 10th Feb 18, 8:51 PM
    Thanks Dimbo, I will do that.
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