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Original poster

Interest Rate cut and new mortgage

12 replies

ThisRareFox · 07/08/2025 15:46

Hi,

I have just been offered a 5 year fixed rate mortgage with NatWest (to purchase my new home post-divorce). This was arranged via a mortgage broker. I haven’t signed anything yet. Should I see if NatWest will reduce the fixed rate, now the interest rate has come down, before I sign for it??

OP posts:
NannyOggAlterEgo · 07/08/2025 15:47

Yes you should, doesn't cost you anything and you can earn

WorcsEdu · 07/08/2025 15:48

Definitely have them run another check for the latest best rates!

AllTheWatersTurnedToClouds · 07/08/2025 15:57

I'd go back to the broker - let them do the asking around for the best deal now the rate's changed.

Fluffygreyjumper · 07/08/2025 16:21

Yes absolutely. I bought at a shocking time (my rate is over 5% 😥) but at the time in the space of a few days, just before I had signed, the base rate reduced by a fraction of a percent and I ended up saving £200 a month

Absentmindedsmile · 07/08/2025 17:01

It depends what the rate is they’ve offered..

StopRainingNow · 07/08/2025 17:06

I secured my fix in April. When the rates went down, a week later the broker got in touch with a lower rate with the same bank. He will do that again over the next few weeks. He said that until about 10 days before completion he will check every week.

TimetoGetUpNow · 07/08/2025 17:06

You can try but don’t get your hopes up. The banks likely factored expected reductions in the base rate into the fixed rates they were marketing.

dylexicdementor11 · 07/08/2025 17:10

ThisRareFox · 07/08/2025 15:46

Hi,

I have just been offered a 5 year fixed rate mortgage with NatWest (to purchase my new home post-divorce). This was arranged via a mortgage broker. I haven’t signed anything yet. Should I see if NatWest will reduce the fixed rate, now the interest rate has come down, before I sign for it??

Your mortgage broker should deal with it. Good luck.

Hitchens · 08/08/2025 08:47

Unless you are signing up to a tracker mortgage there is no obligation on the lender to reduce their fixed rate offerings. Many will have already priced in the expected interest rate reductions into their existing offerings.

Worth a try though. I'm just remortgaging with HSBC, secured the rate a couple of months ago and it doesn't kick in for another month, I have the ability to change to any other mortgage in the meantime, but when I looked a couple of weeks ago HSBS had actually increased their rate slightly.

snowlaser · 08/08/2025 10:55

dylexicdementor11 · 07/08/2025 17:10

Your mortgage broker should deal with it. Good luck.

Show quote history

But ASK them to do it, don't assume they will do it

Original poster
ThisRareFox · 09/08/2025 10:06

I contacted mortgage broker. He said he will keep an eye on things but thinks it won’t affect the rate offered, initially.

OP posts:
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