Can I do anything?

mumof2girls_2

Hi everyone,

Looking for a bit input.

We have had our formal offer through from Abbey, just need to sign all the paper work etc, however from applying for the mortgage originally the deal was at 4.24% for 5 years and now I just checked the site and its down to 3.95% for 5 year fr, same arrangement fee etc. (we have ltv 50%-90k loan on house valued 180k)

As I havent signed anything yet can I say to them I want the 3.95% as currently advertised or will they tell me to bolt? lol

Thanks in advance

Taylo_2

Should be able to get the lower deal but I think they now charge a one off fee for a post offer switch. Did you do the deal direct or through a broker? If direct give them a call, if through a broker get them to sort for you once they have worked out if it is in your interests to pay the fee. You will need to work out if it is worth it if you didnt use a broker of course.

Comyface

Have you paid the product fee yet? If they agree they might make you pay it again, as it's a different product.

No harm in asking, though. It should be just a case of issuing a new offer, I reckon.

mumof2girls_2

Thanks for the replies.

I done it through a broker, and havent paid fee yet as I was adding it into the mortgage.

Hopefully they wont charge me :eek:

mumof2girls_2

bloomin edit: looking thru my paperwork and my original rate is 4.69% eesshh. Id be saving 40 odd a month!

urg123

Hi

I had a similar situation with HSBC. The first time I had 'booked' the offer. However, because the mortgage hadn't been drawn they allowed me to pay an 'admin fee' of about £120 to change it to the next rate. This was okay because I was going to save more than that over the fixed term.

The second time I was holding an offer and then the rate changed (before I had signed the docs). I simply asked them to send me a new offer and they did so.

If you don't ask, you don't get! If your broker can't get the deal - you may even be able to go direct to the bank.

good luck

urg xx