Re-mortgage now or wait?
Discussion
DonkeyApple said:
Sarnie said:
JFReturns said:
Hustle_ said:
mwstewart said:
Speak to sandwich on here, he's a broker.
Sarnie 
that made me chuckleThats actually kind of where the nickname started (long story dating back to 1998 university times!)
HSBC raising rates again. Expect most other lenders to follow suit shortly afterwards. Most rate are between 0.20% - 0.50% higher than they were about 6 weeks ago, before this next round of increases. I hope everyone secured a rate who could do so and anyone procrastinating currently, do it ASAP........
"We’re increasing our mortgage products
With effect from Wednesday 6th March, we’ll be making a number of changes to our residential and Buy to Let (BTL) mortgage product ranges.
Summary of changes:
Existing residential customer switching
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV increased
• 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 60%, 70%, 75%, 90% and 95% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Existing residential customer borrowing more
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 60%, 70%, 75% and 90% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential First Time Buyer / home mover
• 2 Year Fixed Fee Saver at 60%, 80%, 85%, 90% and 95% LTV increased
• 2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 90% and 95% LTV increased
• 3 Year Fixed Standard at 80%, 85% and 90% LTV increased
• 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential remortgage
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 70% and 75% LTV increased
• 3 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential remortgage cashback
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 85% and 90% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
International Residential
• 2 & 5 Year Fixed Fee Saver at 60%, 70% and 75% LTV increased
• 2, 3 & 5 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 3 Year Fixed Fee Saver at 70% and 75% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70% and 75% LTV increased
Existing BTL customer switching / borrowing more
• 2 Year Fixed Fee Saver at 60%, 65% and 75% LTV have increased
• 2 Year Fixed Standard at 60% and 65% LTV have increased
• 5 Year Fixed Fee Saver at 75% LTV has increased
• 5 Year Fixed Standard at 65% and 75% LTV have increased
BTL purchase
• 2 & 5 Year Fixed Fee Saver at 60%, 65% and 75% LTV increased
• 2 Year Fixed Standard at 60%, 65% and 75% LTV increased
• 5 Year Fixed Standard at 60% and 65% LTV increased
BTL Remortgage
• 2 & 5 Year Fixed Fee Saver at 60%, 65% and 75% LTV increased
• 2 & 5 Year Fixed Standard at 60%, 65% and 75% LTV increased
There are no changes to any other interest rates at this time.
Further information
• Use our ‘Chat with us’ service to request a rate change on an existing mortgage application. Please note, due to increased demand, wait times may be longer than usual.
• To secure existing product codes, please submit applications in full by midnight, Tuesday 5th March.
"We’re increasing our mortgage products
With effect from Wednesday 6th March, we’ll be making a number of changes to our residential and Buy to Let (BTL) mortgage product ranges.
Summary of changes:
Existing residential customer switching
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV increased
• 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 60%, 70%, 75%, 90% and 95% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Existing residential customer borrowing more
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2, 3 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 60%, 70%, 75% and 90% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential First Time Buyer / home mover
• 2 Year Fixed Fee Saver at 60%, 80%, 85%, 90% and 95% LTV increased
• 2 & 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 90% and 95% LTV increased
• 3 Year Fixed Standard at 80%, 85% and 90% LTV increased
• 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85%, 90% and 95% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential remortgage
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 85% and 90% LTV increased
• 3 Year Fixed Fee Saver at 70% and 75% LTV increased
• 3 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
Residential remortgage cashback
• 2 & 5 Year Fixed Fee Saver at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
• 2 Year Fixed Standard at 60%, 70%, 75%, 85% and 90% LTV increased
• 5 Year Fixed Standard at 60%, 70%, 75%, 80%, 85% and 90% LTV increased
International Residential
• 2 & 5 Year Fixed Fee Saver at 60%, 70% and 75% LTV increased
• 2, 3 & 5 Year Fixed Standard at 60%, 70% and 75% LTV increased
• 3 Year Fixed Fee Saver at 70% and 75% LTV increased
• 5 Year Fixed Premier Exclusive at 60%, 70% and 75% LTV increased
Existing BTL customer switching / borrowing more
• 2 Year Fixed Fee Saver at 60%, 65% and 75% LTV have increased
• 2 Year Fixed Standard at 60% and 65% LTV have increased
• 5 Year Fixed Fee Saver at 75% LTV has increased
• 5 Year Fixed Standard at 65% and 75% LTV have increased
BTL purchase
• 2 & 5 Year Fixed Fee Saver at 60%, 65% and 75% LTV increased
• 2 Year Fixed Standard at 60%, 65% and 75% LTV increased
• 5 Year Fixed Standard at 60% and 65% LTV increased
BTL Remortgage
• 2 & 5 Year Fixed Fee Saver at 60%, 65% and 75% LTV increased
• 2 & 5 Year Fixed Standard at 60%, 65% and 75% LTV increased
There are no changes to any other interest rates at this time.
Further information
• Use our ‘Chat with us’ service to request a rate change on an existing mortgage application. Please note, due to increased demand, wait times may be longer than usual.
• To secure existing product codes, please submit applications in full by midnight, Tuesday 5th March.
youngsyr said:
Glad to have locked in at 3.94% for 5 years a few weeks back with FD, but still a bit miffed I didn't move when the rates were in the 2% range 2 years or so ago!
There must be a better way than playing the lottery with rates though?
Same position as you. There must be a better way than playing the lottery with rates though?
It’s a lottery but we did have choice and I chose a 5yr fixed 5 yes ago.
Could have just been on a variable the whole time
(which was a more old school model in the uk and had more impact when rates were lowered / raised) or could have gone long with a more specialist 10yr rate.
Family member took out a massive mortgage just before rates started rising, think he’s sub sitting under 1.8% for another few years yet.
It is what it is, win some lose some.
Gigamoons said:
youngsyr said:
Glad to have locked in at 3.94% for 5 years a few weeks back with FD, but still a bit miffed I didn't move when the rates were in the 2% range 2 years or so ago!
There must be a better way than playing the lottery with rates though?
Same position as you. There must be a better way than playing the lottery with rates though?
It’s a lottery but we did have choice and I chose a 5yr fixed 5 yes ago.
Could have just been on a variable the whole time
(which was a more old school model in the uk and had more impact when rates were lowered / raised) or could have gone long with a more specialist 10yr rate.
Family member took out a massive mortgage just before rates started rising, think he’s sub sitting under 1.8% for another few years yet.
It is what it is, win some lose some.
It's a crime that successive governments haven't tackled this in the past 20 years.
Chris Type R said:
NatWest have quietly updated their valuation of my mortgaged property downwards, pushing the LTV back over 60% to 61%. I have an open 60% re-mortgage offer with them.
Just logged on after seeing this and our value is down ~6% since the last time I noticed it. Fixed for 5 years ending October 2025 and grateful the rate starts with a 1. I just wanted a known cost rather than any idea what was coming with rates. youngsyr said:
Gigamoons said:
youngsyr said:
Glad to have locked in at 3.94% for 5 years a few weeks back with FD, but still a bit miffed I didn't move when the rates were in the 2% range 2 years or so ago!
There must be a better way than playing the lottery with rates though?
Same position as you. There must be a better way than playing the lottery with rates though?
It’s a lottery but we did have choice and I chose a 5yr fixed 5 yes ago.
Could have just been on a variable the whole time
(which was a more old school model in the uk and had more impact when rates were lowered / raised) or could have gone long with a more specialist 10yr rate.
Family member took out a massive mortgage just before rates started rising, think he’s sub sitting under 1.8% for another few years yet.
It is what it is, win some lose some.
It's a crime that successive governments haven't tackled this in the past 20 years.
My 4.64% with Nationwide should be through this week. I've been paying a comparative amount as overpayment to get used to the higher amount but the interest value change really kicks a bit!
Still, aiming for mortgage free at 50, that's the focus. Mortgage has 26 years left, plan to clear it in 7.
Still, aiming for mortgage free at 50, that's the focus. Mortgage has 26 years left, plan to clear it in 7.
Edited by Rick101 on Sunday 10th March 07:57
Rick101 said:
My 4.64% with Nationwide should be through this week. I've been paying a comparative amount as overpayment to get used to the higher amount but the interest value change really kicks a bit!
Still, aiming for mortgage free at 50, that's the focus. Mortgage has 26 years left, plan to clear it in 7.
That’s one hell of an overpayment…Still, aiming for mortgage free at 50, that's the focus. Mortgage has 26 years left, plan to clear it in 7.
Edited by Rick101 on Sunday 10th March 07:57
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