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    • prettyplease
    • By prettyplease 6th Apr 18, 4:47 PM
    • 147Posts
    • 300Thanks
    prettyplease
    Advice First Direct existing customer remortgage
    • #1
    • 6th Apr 18, 4:47 PM
    Advice First Direct existing customer remortgage 6th Apr 18 at 4:47 PM
    My five year fix is up with first direct in mid October.
    Ive been doing my best to streamline my finances last couple of months to be in the best position for this but they look quite messy de to lots of moving money around (and odd bit of matched betting in other non first direct bank account)

    I was planning on finding a new provider for October but after a telephone chat they confirmed I can arrange a new rate 6 months in advance - so in a couple of weeks time.

    They said there are two options
    If no changes to amount etc and I know what rate I want this would be fairly uncomplicated - a quick phone call.

    If unsure what rate or want to change amount mortgaged etc would take an hour or so on phone with new affordability checks etc.

    Id ideally like to secure a rate using first option in case rates go up in May. The rate I'm looking at is 1.54% over 2 years as may be upsizing or selling after that. I'm aware this isn't the lowest on the market but if its not too much trouble to secure now for October in case rates go up I think its a good back up.

    Has anyone had experience of this and level of detail needed with a first direct remortgage?

    thanks!
    Last edited by prettyplease; 06-04-2018 at 5:03 PM. Reason: add detail
Page 1
    • dimbo61
    • By dimbo61 6th Apr 18, 7:52 PM
    • 10,043 Posts
    • 5,424 Thanks
    dimbo61
    • #2
    • 6th Apr 18, 7:52 PM
    • #2
    • 6th Apr 18, 7:52 PM
    In many cases if your not asking for Advice and not changing the amount you owe and length of term you can apply for a new deal online without any checks.
    • Lomcevak
    • By Lomcevak 7th Apr 18, 7:40 AM
    • 738 Posts
    • 4,336 Thanks
    Lomcevak
    • #3
    • 7th Apr 18, 7:40 AM
    • #3
    • 7th Apr 18, 7:40 AM
    If no changes to amount etc and I know what rate I want this would be fairly uncomplicated - a quick phone call.
    My FD fixed rate ends in June, and so in January I arranged another fixed rate with them. It was very straightforward - no more than ten minutes or so.

    I was told that I would need an affordability check if I wanted to change the term of the mortgage or increase the borrowing, and would need a longer discussion if I didn't know what product I wanted - however, if you know what mortgage you want and don't make any changes to current arrangements then rolling over to a new product was very simple. You have a quick call, some paperwork turns up a few days later. Sign and return, and you're done.
    MFiT-T4#126, 135k to 60k: 66,633/75,000 (91.15%), 2018 MFW#11 12,913.83/15,000 (86.09%)
    30k-in-18#11 35,129.12/30,000 (117.10%)
    • prettyplease
    • By prettyplease 9th Apr 18, 7:47 PM
    • 147 Posts
    • 300 Thanks
    prettyplease
    • #4
    • 9th Apr 18, 7:47 PM
    • #4
    • 9th Apr 18, 7:47 PM
    thanks guys. Just called and have a telephone appointment booked in for next week.
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