Fixed rate rise

mmcmahon

Hi

Last week I called YBS and asked to fix, my opinion was that I had 85 - 90% LTV, their system said over 90%.

I requested a valuation (tomorrow) and also asked for the over 90% rate (5.89 fixed for 5 years, the other rate would have been 5.69) as I didn't want to miss it in case rates increased (which they have today)

I've now cancelled teh valuation as even if it was valued at what I hoped for, the new rate is the same as I was offered last week.

I have the paperwork waiting to be signed, I has holding off unti after the valuation but now will just post today.

My question is, the paperwork said I had 14 days to return it, I'm just worried that now rates have increased are they likley to try to cancel now? Can they do this?

Thrugelmir

mmcmahon wrote: »

My question is, the paperwork said I had 14 days to return it, I'm just worried that now rates have increased are they likley to try to cancel now? Can they do this?

The offer will be valid for the period specified.

YBS would have factored in offered committments to customers when deciding to remove a mortgage product.