Change to New Fixed Rate?

careyjb

Hello!

I have recently been given a mortgage offer from Abbey but I have not accepted it yet and not exchanged. They have now dropped their fixed interest rate. Can I ask to change to this new rate or is that too good to be true?! :rolleyes:

Any advice appreciated!

Locoblade

If you haven't accepted it then you've made no commitment to the previous offer, so I can't see what would stop you applying for the lower rate.

lisyloo

Not sure whether you have paid any fees.
With First Direct you can change deal but you lose any booking fees.
You would need to check with Abbey about that.

jill2002

If it was a deal with no fees, or you have asked for the fees to be added to the mortgage, you could ask to change to the new rate. However, with the new deals the Abbey insist on you paying £150 of the booking fee upfront. So if you have paid any money, you can change, but you would lose the fee already paid and would have to pay the new fees (or just £150 if adding the fee to the mortgage)