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mortgage rate rises
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manikm
Posts: 223 Forumite
_http://www.thisismoney.co.uk/mortgages/article.html?in_article_id=452408&in_page_id=8
be quick if you have an eye on a deal...
be quick if you have an eye on a deal...
0
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_http://www.thisismoney.co.uk/mortgages/article.html?in_article_id=452408&in_page_id=8
be quick if you have an eye on a deal...
Myself and my girlfriend currently have an agreement in principle made last week with HSBC for a fixed rate mortgage. If interest rates rise before our meeting next week with the bank can they change our initially agreed rate??
It may sound a stupid question but I dont know.
Cheers.0 -
Myself and my girlfriend currently have an agreement in principle made last week with HSBC for a fixed rate mortgage. If interest rates rise before our meeting next week with the bank can they change our initially agreed rate??
It may sound a stupid question but I dont know.
Cheers.
Yes they can, as at AIP stage, you have not actually applied for a mortgage, simply had an indication from HSBC that they would lend to you. You need to complete the application and pay any booking fee before the rate is reserved.
David0 -
We were offered and 'agreed' a mortgage over the phone with YBS. They sent us out forms and we had 2 weeks to get the confirmation back to them. They phoned yesterday to see if we had sent back the form as the product was being withdrawn.
We can still get the rate offered. Did HSBC make such an offer to you?0 -
We were offered and 'agreed' a mortgage over the phone with YBS. They sent us out forms and we had 2 weeks to get the confirmation back to them. They phoned yesterday to see if we had sent back the form as the product was being withdrawn.
We can still get the rate offered. Did HSBC make such an offer to you?
As stated above, HSBC only hold the rate on application and the fee being paid.0 -
what about in the case of nationwide where if you are an existing customer they will waive the booking fee, how does this effect securing a mortgage in advance and then also perhaps cancelling if something better comes along."Save the cheerleader - Save the world"0
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what about in the case of nationwide where if you are an existing customer they will waive the booking fee, how does this effect securing a mortgage in advance and then also perhaps cancelling if something better comes along.
We are existing YBS customer and paid no booking fee. However, we had to sign the agreement within 14 days to secure the mortgage and if we cancel we are liable for early redemption fees on the mortgage.0
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