How soon can i reserve a mortgage rate to get a good deal now?

garlicbread99

Hi all

My current fixed term mortgage with HSBC expires at the end of August this year. Im starting to look and compare rates now and some good deals i saw a few weeks ago have already dissappeared.

Does anyone know how early i can reserve a rate for a product? I know this will probably vary from lender to lender but any advice or experience from MSE's would be welcome.

Thanks

Peelerfart

I once considered a deal from First Direct,I would have had to have started it within six months or I would have lost it.

Don't know if that's typical though

Busy_bee_3

Mortgage offers are usually valid for 3 months so your current deal would need to finish before it expires. If you see a particularly good deal it might be worth paying an early repayment fee to HSBC to get out of your fixed deal early. You'd need to crunch the numbers and maybe seek some advice to make sure it'll be worth your while.

mumof3plusoh

we have just reserved one for June with Britannia

lisyloo

I think it's 6 months generally although individual lenders can decide whatever they want.
If you have a valuation done they are generally valid for 6 months.