Can you negotiate mortgage fees?!

[Hairybaker]

We have a 5year mortgage fixed until next May. Our rate is 1.9% and obviously rates are only going up and already higher than this so I don’t really want to wait until a few months before when we can change for free as think rates will be much higher by then!

I would have to pay £1500ish to either change rate with current provider or to exit and go elsewhere.

If I “threaten” to leave provider and go elsewhere for a better rate, is there any point asking them to waiver the fee to keep me?!

I don’t know the answer but I very much doubt it!

You can secure a rate from about 6 months before it’s due to expire. We were given rates to choose from and most had a minimal fee. Speak to your provider and see what they can offer you

Very unlikely. There's a reason banks build in exit fees to fixed rates.

Definitely worth a crack if you make them a reasonable return as a customer, probably worth a crack even if you don’t.

A long fix with a big exit fee may well be better for them than you taking a short fix once able to do so at no cost.

All it will cost is a little time and effort.