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Can I change a mortgage right after the house purchase?

Fly_Baby · 2011-08-05 07:17:49

Days after we exchanged I found out that some banks have launched good fixed-rate mortgages - such as 3,49% for 5 years, whereas our current deal is tracker 2,49% above BOE base rate. In order to change to this new mortgage, we will have to add a bit more from our savings to make up LTV 75%, and there will be an…

Comments

theartfullodger Posts: 15,732 Forumite

5 August 2011 at 11:39AM

Fly_Baby wrote: »

So does it mean that I cannot even apply for a mortgage until after I've owned it for 6 months? Or can I apply now, process the paperwork and secure the deal which, I understand, is valid for 6 months, and then wait and switch only after 6 months have expired?

Read the bleedin' paperwork / ask your lender...

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