this 2023 price increase won't affect you until your current price offer ends. The full price of your package will then increase by £15.00 a month, subject to the new pricing terms referred to below........
you can change or cancel your package, any time before 28th March 2023, without paying any cancellation fees."
My current deal/contract runs out on 4th July. I'm happy to wait just before then and and see if I can negotiate a better deal etc, but don't want to wait only to be told something like "you are on a new contract from 1st May so if you want to leave now it will cost you £££"
You won't be tied into a new contract from 1st May, you will still be free to leave at the end of your current term on the 4th July, although it will mean you have accepted VM's 2024 price increases.
You won't be hit with the new price increase of £15 a month until your current contract ends on 4th July. You would also lose any current contract discounts on that date.
You can either wait until then to try and negotiate a better deal, or contact VM now and try to negotiate a deal that you feel is acceptable.
Either way, if you accept a new deal it will be for 18 months, however the price will increase again next April or May (the annual increase)
If you negotiated a new deal today for example, you would start a new 18 month contract until August 2024, however you would be charged VM's 2024 higher price (RPI + 3.9%) on that deal from April 2024 - so you would be paying 4 months at the higher price (April to August 2024).
If you waited and negotiated a new deal when your current one ends on 4th July, you would be tied into a new 18 month contract until 4th January 2025.
That would mean you having to pay VM's 2024 higher price (RPI + 3.9%) on that deal from April 2024 until January 2025. - 9 months on a higher rate.
It might be worthwhile to negotiate sooner, rather than later so you aren't tied in for a further 5 months at a higher rate, and then negotiate again in August 24.
If you do decide to leave remember you need to give a minimum of 30 days notice, so theoretically you could also call in from 4th June and negotiate/give in your notice then (if you waited until 4th July to negotiate/give in your notice you would already be paying full price as your discounted period would have finished)
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