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  • FIRST POST
    • MSE Callum
    • By MSE Callum 12th Apr 18, 11:23 AM
    • 337Posts
    • 123Thanks
    MSE Callum
    MSE News: Mortgage rates are rising - if you're considering remortgaging act NOW
    • #1
    • 12th Apr 18, 11:23 AM
    MSE News: Mortgage rates are rising - if you're considering remortgaging act NOW 12th Apr 18 at 11:23 AM
    Mortgage rates are rising with the best deals disappearing, so it's vital everyone considering cutting costs by remortgaging to a new deal acts now...
    Read the full story:
    'Mortgage rates are rising - if you're considering remortgaging act NOW'

    Click reply below to discuss. If you havenít already, join the forum to reply.
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Page 1
    • Raxiel
    • By Raxiel 12th Apr 18, 2:46 PM
    • 791 Posts
    • 460 Thanks
    Raxiel
    • #2
    • 12th Apr 18, 2:46 PM
    • #2
    • 12th Apr 18, 2:46 PM
    I think I know the answer to this, but, just to be sure...
    I'm in the process of remortgaging now. Current mortgage with Santander is 4.99% for three more months of a 5 year fix, going onto their 4.49% SVR after that.

    After a bit of shopping around, the best remortgage deal I've found (after discounting providers who won't lend on a house with an unrepaired-prc home next door) is with Santander again, this time 5 years at 2.49% with no fees.

    I've got a Conversion offer from them, and have until the 26th to accept it. Is the rate 'locked' now? Can I take the full 14 days to decide I want to go ahead? Or is there a risk it could still change?

    I feel like it should be fixed from the wording in the documents, but it's not explicit. All I've had to do so far is click a couple of buttons on a web form, so it feels 'too easy'. I think it's pretty unlikely I won't accept the offer, but I don't want to rush into another 5 year commitment either.

    TIA
    • FredaJones
    • By FredaJones 12th Apr 18, 7:47 PM
    • 22 Posts
    • 28 Thanks
    FredaJones
    • #3
    • 12th Apr 18, 7:47 PM
    • #3
    • 12th Apr 18, 7:47 PM
    1.09 to 1.29 is hardly a rocket of a rise.
    • VT82
    • By VT82 13th Apr 18, 9:01 AM
    • 992 Posts
    • 834 Thanks
    VT82
    • #4
    • 13th Apr 18, 9:01 AM
    • #4
    • 13th Apr 18, 9:01 AM
    1.09 to 1.29 is hardly a rocket of a rise.
    Originally posted by FredaJones
    In MSE World, it's an 18% increase in your mortgage rate!!!


    Meanwhile, in the actual world, it's an extra £13 (2%) per month on a typical mortgage.
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