Boring but necessary. The first couple of years of my mortgage comes to an end shortly, and I'd really like to take the opportunity to change my mortgage provider, and try to make it so that I'm not suffering too much from the upcoming high interest rates. To be honest, my mortgage provider is Natwest and they are shit, and I reckon I could probably find a company that results in me having more money in my pocket than I do now just because Natwest suck so badly.
So what do I need to do? I'm really at a loss. If I do this do I need to hire a solicitor? Or should I just go to a mortgage broker and see what they can do for me? Anything I need to be careful about with them? Any advice would be appreciated.
Find yourself a good Independent Financial Advisor and see what they can do. I went to my parents IFA firm, they got me a first time buyers capital and interest mortgage from Abbey which floats at base rate plus 0.7% (I think) for the life of the mortgage.
There are different levels of Independent Financial Advisor... be aware. They need to be whole of the market ensuring you get every deal going and fee free ensuring you do not pay for their advice.
If you have savings and/or have money left in your bank account at the end of the month then it may be worth looking at an offset mortgage. I have a oneaccount. The whole transfer was dead easy, customer service is excellent and as you have everything in a single account they don't constantly try to sell you credit cards or loans everytime you call them. Plus the internet banking side is top notch.
If you have savings and/or have money left in your bank account at the end of the month then it may be worth looking at an offset mortgage. I have a oneaccount. The whole transfer was dead easy, customer service is excellent and as you have everything in a single account they don't constantly try to sell you credit cards or loans everytime you call them. Plus the internet banking side is top notch.
HAHA! ;)
No, I tend to be in a permanent negative balance...
