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Mortgage. Anyone on SVR shopping for better deals?

2 replies

Overloadimplode · 07/01/2024 08:16

We were supposed to remortgage 2/1/24 but the solicitors have been really slow so we are on SVR (8.24%) and due to complete 8/1/24. We have agreed 5.24%
In the meantime the rates have gone down and we could get 4.81%. Spoke to the lender today, who would do this but would have to issue a new offer and completion date, so would be on SVR for likely another week.
The solicitors have agreed to cover our period of SVR due to being so slow. Not sure if they would if we delay another week. Not sure whether to put a stop to completion for Monday 8th now. Would love to see an end to this long drawn out process. Would also love to pay 4.81% instead of 5.24%.
Oh, and my current lender is offering 5.01% now, after all this.

OP posts:
GeneCity · 07/01/2024 08:33

Eek, lower again sounds good! I'd work out what the different options are likely to cost you overall, and go for the cheapest one. I appreciate this means you'd have to estimate how long things might take as well.

GeneCity · 07/01/2024 08:35

I suppose my point is that this might work in your favour, and probably has already, and it just comes down to numbers in the end.

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