Mortgage issued

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Discussion

MrJuice

Original Poster:

3,418 posts

158 months

Wednesday 5th April 2017
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But it's a two year fix with virgin money at 1.54%. The rate quoted on their website is 1.40%. So my broker is going to check if this can be reduced. Apparently I applied before the rates were revised

But the main thing, actually, is that I want a five year fix. I did tell the broker this way back when but it appears they have applied for a two year. Does the broker get any less commission for a five year product than two year? Their fee for the two year product is £2221. And is it a mere formality for VM to switch the offer from 2y to 5y? Or will it be a major mission?

Thanks!

MrJuice

Original Poster:

3,418 posts

158 months

Thursday 6th April 2017
quotequote all
Thanks Sarnie

Hopefully it'll all be fine. At current five year rates I'll be paying an extra £140 a month but not having to remortgage for another three years is definitely worth the extra monthly payments.