Changing mortage deals with existing mortgage
Discussion
Z064life said:
Ok cool. Is there no pre-requisite or is it that simple? What's the lag time with the change?
It depends on what you are asking for. If you are wanting to borrow more then expect a full set of underwriting questions. A straight rate change would be simpler but most lenders are notorious for offering mediocre products for current clients and better deals for new clients...hence why I said to drop me a line. The worst that would happen is that you stick with what they offer you 
Sarnie said:
It depends on what you are asking for. If you are wanting to borrow more then expect a full set of underwriting questions. A straight rate change would be simpler but most lenders are notorious for offering mediocre products for current clients and better deals for new clients...hence why I said to drop me a line. The worst that would happen is that you stick with what they offer you 
Sure I'll drop you a line after. 
By stick with what they offer me, you mean the existing product today?It's a straight rate change, not borrowing more.
Z064life said:
Sure I'll drop you a line after.
By stick with what they offer me, you mean the existing product today?
It's a straight rate change, not borrowing more.
I mean, if they say to you "We can offer you 3.5% fixed for five years" and you drop me a mail and we discover it can't be beat, then you can stick with what they have offered you.
By stick with what they offer me, you mean the existing product today?It's a straight rate change, not borrowing more.
As I said, nothing ventured and all that!

So I spoke to halifax, they are offering 2.64% 2 years fixed.
The house is valued at 270k (was 250k when I got it back in 2010), the SVR is 3.99% or a payment of £625 (After my first deal ended).
A repayment mortgage would be £934, which is well within my income to pay.
Does 2.64% sound like a good deal?
The house is valued at 270k (was 250k when I got it back in 2010), the SVR is 3.99% or a payment of £625 (After my first deal ended).
A repayment mortgage would be £934, which is well within my income to pay.
Does 2.64% sound like a good deal?
Z064life said:
So I spoke to halifax, they are offering 2.64% 2 years fixed.
The house is valued at 270k (was 250k when I got it back in 2010), the SVR is 3.99% or a payment of £625 (After my first deal ended).
A repayment mortgage would be £934, which is well within my income to pay.
Does 2.64% sound like a good deal?
It's impossible to answer without knowing your mortgage balance to ascertain the LTV.........The house is valued at 270k (was 250k when I got it back in 2010), the SVR is 3.99% or a payment of £625 (After my first deal ended).
A repayment mortgage would be £934, which is well within my income to pay.
Does 2.64% sound like a good deal?
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