Just done a remortgage on the house..

From initial sit down with the advisor, to getting a cheque in the post today...






















































20 days!!!!!!

And we got a good rate too ...3.45% fixed for two years..

Have to say it was very straightforward.... no middlemen or agents fees, went straight to my bank, saw there mortgage bod, and it was done in an hour flat..


Mart

 

What bank was that then?

 

Were you at the end of your existing 'deal'?
Our 5 year fixed (yeah I know! ) ends next year, just, as I suspect the interest rates will sky rocket...

 

Thats a very good rate and quick too.

Chip

 

It was Natwest

They could do 2.99% fixed for two years, but that comes with a £499 fee

Ours was fee free

Mart

 

On the off chance you're with Northern Rock, all their ERC's are being waved.

 

Link to this info?? I've got 3 years of a 5 year deal left, but a reasonable 4.69% rate.

 

Sadly? not, we're with Nationwide.

 

http://www.n-ram.co.uk/en/customers/mortgages/existing-mortgage-customers/redemptions.aspx

It says for eligible customers, but when I rang I was told ut applies to everyone

 

is it going on gym equipment ?

 

Sounds like the same mortgage as I took out, fixed at 4.69%. Our ended last month. On the plus side you should be moved on to their Base Mortgage Rate which tracks the base rate plus 2.00%, so 2.5% at the current rate. If you take out another product with them, you'll be moved on to their Standard Mortgage Rate (3.99% currently) when the new product comes to an end. I had loads of mail shots from Nationwide trying to persuade me to move to another product stating interest rates are rising and on going financial instability etc. I don't see interest rates rising fast if at all in the coming year so I'll stick with the BMR product as there are no fees and no limits for overpayments or ERCs.

 

I think that must be for the "toxic" mortgages that were split out from the Northern Rock bank itself. It'll be to encourage early payment and thus clear potentially bad debts.

My mortgage was taken out after the bank was nationalised and so my statement is from Northern Rock itself and not NRAM. It still states an ERC figure on it unfortunately.

 

If interest rates sky rocket, the last 3 years will look like a picnic. Low rates (under 5%) are here for a good number of years yet. One comentator went as far to say 2% would do horrific damage to those folk on base+ type mortgages .


3.45% - was that for anyone or existing account holders with Natwest?

Got 3.49% for someone on 2 years fixed with no fees (accept ours) with the Woolwich.

 

Hi Edd,

At the time we enquired 3.55% was the best they could do -no fee, and that was for gold account holders only

When we went for the meeting to arrange 3.55% NF, he told us they had dropped it to 3.45% NF for all borrowers (subject to ok LTV) and 2.99% FF & subject to LTV

http://www.natwest.com/personal/mort...ixed-rate.ashx

Mart