My inital 2 year term is up on my flat with the abbey national and I have had a letter from them stating that I will be put onto a mortgage rate of 4.24%. I'll be paying £713 a month down from just shy of £800, so a significant saving. Looking around on some websites though it doesn't look like this new rate is a particularly competitive.
I was a FTB 2 years ago so to be honest this is a little new to me. I will be phoning up the Abbey National this afternoon and was hoping anyone might have some pointers. Any input is appreciated!
Also will they tell me what they now think my flat is worth if I ask?