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By *icksone OP Man
over a year ago
oldham |
My fixed rate mortgage has just come to an end.
I went for a renewal to see if I could get a better deal.
I asked what I would be paying if I had a two year or four year fixed rate.
The answer came back " I am not telling you, you have to choose one or the other but I will not tell you which one is the best deal"
Anybody experienced such rubbish ????? |
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"My fixed rate mortgage has just come to an end.
I went for a renewal to see if I could get a better deal.
I asked what I would be paying if I had a two year or four year fixed rate.
The answer came back " I am not telling you, you have to choose one or the other but I will not tell you which one is the best deal"
Anybody experienced such rubbish ?????"
They can't tell you which is the best deal as it constitutes financial advice but they should give you all the information you need to be able to come to your own decision. |
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By *ENDAROOSCouple
over a year ago
South West London / Surrey |
"My fixed rate mortgage has just come to an end.
I went for a renewal to see if I could get a better deal.
I asked what I would be paying if I had a two year or four year fixed rate.
The answer came back " I am not telling you, you have to choose one or the other but I will not tell you which one is the best deal"
Anybody experienced such rubbish ?????
They can't tell you which is the best deal as it constitutes financial advice but they should give you all the information you need to be able to come to your own decision."
 |
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By *icksone OP Man
over a year ago
oldham |
Sorry I might have miss quoted slightly.
They would not give me any figures to make a choice from.
IE on a 2 year deal I will pay £245
On a 4 year deal I will pay £321.
These are just examples.
If a bank offered you a choice of these two which would you go for.
I have not been provided with any figurees to make a choice from. |
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By *icksone OP Man
over a year ago
oldham |
cheers for the info guys and girls.
I had the red mist descending when they would not give any figures.
I had a quick look on their website and lo and behold it ccame up with the figures I needed  |
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By *ady LickWoman
over a year ago
Northampton Somewhere |
You could go to a financial adviser to. Some of them don't charge but look around for the best rates. You do have to be a little careful tho because of commission etc. Ours finishes soon too and i'm dreading finding a better deal. |
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By (user no longer on site)
over a year ago
|
"Sorry I might have miss quoted slightly.
They would not give me any figures to make a choice from.
IE on a 2 year deal I will pay £245
On a 4 year deal I will pay £321.
These are just examples.
If a bank offered you a choice of these two which would you go for.
I have not been provided with any figurees to make a choice from. "
.
Just ask what the total repayable is one each product, this one will be the cheapest if you don't intend to change after the fixed term ends. |
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By (user no longer on site)
over a year ago
|
"My fixed rate mortgage has just come to an end.
I went for a renewal to see if I could get a better deal.
I asked what I would be paying if I had a two year or four year fixed rate.
The answer came back " I am not telling you, you have to choose one or the other but I will not tell you which one is the best deal"
Anybody experienced such rubbish ?????"
my deal funished about 4yrs ago so instead of renewing on a fix rate I left it on a variable rate as interest rates have been sooo low I have an extra 200 to play with each month.
However the economy seems to be improving so I think interest rates will be climbing some time this yr so like yourself time to fix. Apparently nationwide has a 10yr deal |
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By (user no longer on site)
over a year ago
|
As you say further down , online you should be able to get illustrations for the figures. You could ask to talk to their advisor face to face, if they have a high street presence.
The banking crisis got the whole financial services sector very skittish and they are ultra cautious now plus regulated up to the eyeballs. It can be frustrating however ultimately it's to protect the customer. |
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By (user no longer on site)
over a year ago
|
"I have an appointment with the bank next week.
I might get some sense out of someone face to face.
Another hour out of my life I will never get back
"
An hour well spent though if you get a good rate ! |
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By *igeiaWoman
over a year ago
Bristol |
I am currently doing the same thing. They have changed all the mortgage rules so they have to talk through your actual needs and then recommend one product at the end through a full review. I made a phone appointment for mine and it took about two hour. I also had my entire payslip/bank statement info to hand since they now need to know absolutely everything before they can lend you the money due to affordability; even if you already have a mortgage. I would advise you to go in pre-armed with all the information on what you actually want, using their own and other online mortgage calculators you can normally figure it out I'm advance. |
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By (user no longer on site)
over a year ago
|
"My fixed rate mortgage has just come to an end.
I went for a renewal to see if I could get a better deal.
I asked what I would be paying if I had a two year or four year fixed rate.
The answer came back " I am not telling you, you have to choose one or the other but I will not tell you which one is the best deal"
Anybody experienced such rubbish ?????
my deal funished about 4yrs ago so instead of renewing on a fix rate I left it on a variable rate as interest rates have been sooo low I have an extra 200 to play with each month.
However the economy seems to be improving so I think interest rates will be climbing some time this yr so like yourself time to fix. Apparently nationwide has a 10yr deal"
Ive just done this with nationwide, excellent service and no fees at all too |
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