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worth getting a mortgage promise now...
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Then why are you not looking to change lenders? dependent upon your circumstances there are potentially lots of deals on the marketr more compettive than halifax - soem where there are no legal or arrangement fee's - some don't have application fee's etc - you could apply for any deal you wanted right now and just delay your completion until after your early repayment charge period. Just choose a lender who honours their offers for 6 months.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 -
20 posts later i have an answer... yippeee.:T :T :T :T
so, can i do this without incuring any charges if i back out.
i.e get them to agree a % rate so they cant change it, but if i want to back out for a better deal i can?0 -
Sorry but I really do think you are going to have to ask each lender their own policy (unless a friendly broker can give you a list).
Each lender is fully entitled to make their own policy on this.
My suspicion is that you will be able to delay a deal and get a commitment but you will have to pay the "application fee" up front.
These are usually several hundred pounds.
You would have to work out whether you think this is worthwhile.
i.e. will the likely interest increases on your mortgage be less than the application fee.0 -
so, can i do this without incuring any charges if i back out.
i.e get them to agree a % rate so they cant change it, but if i want to back out for a better deal i can?
If you do it, you will incur fees. Valuation fees, application fees, solicitors fees, booking fees. Some of these maybe waived but the minute you put the application in, you are starting to commit yourself to certain fees (depending on lender). Once you sign the contract letter, you are then commiting yourself further.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
james3333 wrote:20 posts later i have an answer... yippeee.:T :T :T :T
so, can i do this without incuring any charges if i back out.
i.e get them to agree a % rate so they cant change it, but if i want to back out for a better deal i can?
12 posts actually!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 -
:T :T :rotfl: :rotfl: :T
:beer: :eek: :rolleyes: :j 0
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