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Post Office Mortgages to increase at midnight on the 12th July (Sunday)

I called to enquire about a Post Office mortgage and was told the interest rates will be increasing after midnight on Sunday. You need a FULL mortgage application in before this time to take advantage of the current rates.

He wouldn't tell me how much they will be raising by, just in line with the cost of borrowing. Perhaps 0.4-0.5%?

Comments

  • Did they specify exactly what a FULL mortgage application included? Is that when they have received all the proof of earnings etc?
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  • adamzetec
    adamzetec Posts: 214 Forumite
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    Did they specify exactly what a FULL mortgage application included? Is that when they have received all the proof of earnings etc?

    Unfortunately not, only that it must be changed from an AiP to Full application by midnight Sunday.
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