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Can I move mortgage product between exchange and completion?
Bleachyschick
Posts: 1 Newbie
Hello, this is my first post so apologies if it's in the wrong place. I hope that one of you may be able to offer advice as I am in the process of buying a new house. I was offered a mortgage through the post office at 4.29% and we exchanged contracts a couple of weeks ago. We're due to complete on 2nd Sept. I have noticed today that the same mortgage now has a rate if 4.05% and I wondered if I can ask for that rate as we haven't actually received the money yet? Does anyone know if this is likely to be allowed?
Thank you
Thank you
0
Comments
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Yep you will be allowed to change up until you complete I.e when the money is drawn.
You'll probably have to pay a new product fee however.0
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