Not really sure if there's anything I can do here but wanted to ask for advice anyway. We have had a full mortgage offer on a property, however, we haven't yet concluded missives (Scotland). The deal we have with Halifax (FTBer) is 90% LTV, 2 year fixed rate of 5.79% and £1150 cashback on completion. This deal has now ended and just out of noseyness thought I would have a look at what they're offering now to find 90% LTV, 2 year fixed rate of 4.99% with no cashback which according to the calculator would make our mortgage payments just under £60 less a month. Over the 2 years this would save us nearly £1500 which is obviously more than the £1150 cashback we're getting with the other deal. Writing it down now I realise overall we'd only make a saving of £350 but the idea of lesser monthly payments is appealing.
Am I right in thinking that at this stage we can't change our mortgage offer? And even if we could do people think it would be worth the hassle for an overall saving of £350?
I'm leaning towards no now I've wrote it down but curiosity is getting the better of me.
Am I right in thinking that at this stage we can't change our mortgage offer? And even if we could do people think it would be worth the hassle for an overall saving of £350?
I'm leaning towards no now I've wrote it down but curiosity is getting the better of me.