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Can you book a mortgage deal in advance?
buggsbunny
Posts: 16 Forumite
Hi all,
is it possible for my mortgage broker to book a fix rate deal for me in a veiw to start in say, 6 months time? If so will there be hefty fees involved?
As i am currently enjoying nationwides BMR 2.5% but am worring rates may shoot up soon but could do with a few more months of low mortgage payments to pay a small debt off first.
Thanks in advance for any advise given
is it possible for my mortgage broker to book a fix rate deal for me in a veiw to start in say, 6 months time? If so will there be hefty fees involved?
As i am currently enjoying nationwides BMR 2.5% but am worring rates may shoot up soon but could do with a few more months of low mortgage payments to pay a small debt off first.
Thanks in advance for any advise given
0
Comments
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Your broker can organise a deal for you now but any offer that you obtain will have a time limit 3 or 6 months tends to be the norm and varies from lender to lender so you would just need to be careful.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Thanx Mrs Bumble,
i am stuck with nationwide due to negative equity so any deal i get will be with them.0 -
Negative equity changes things then, they won't let you book a deal and not take it straight away as far as I am aware.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
ok i might have to risk sticking with the 2.5% and hope intrest rates dont go up then.0
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