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Should I abandon this fixed rate?
Comments
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Nationwide have reduced the 2 yr fix to 4.98% same fee, the best option might be to switch to this?0
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The latter - drawdown is whan you actually get the money. So you can withdraw any time up until then. Normally you would expect to lose your arrangement fee for doing this, but it seems that some lenders are being nice about this!
I think it means in most cases when it is in the hands of the solicitors. So you don't have to have completed for it to be binding. Obviously the bank won;t transfer the money to the solicitors until just before completion.
But get it canceled quick sharp before they do transfer it, alternatively you could always delay completion if your still not sure.0
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