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Can Mortgage rates increase before the offer is made

After a pretty mad week, we're just about across the finish line and are getting a mortgage offer by Friday. I just wondered, with the rates looking set to increase, could Santander increase the rate in which we applied at? We got a five year fixed at 3.99%.

Just a bit curious really, cheers for any replies!

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    gcorking wrote: »
    After a pretty mad week, we're just about across the finish line and are getting a mortgage offer by Friday. I just wondered, with the rates looking set to increase, could Santander increase the rate in which we applied at? We got a five year fixed at 3.99%.

    Just a bit curious really, cheers for any replies!

    Once you've got your offer it's fixed at that rate until you complete. Hope by Friday they don't pull the offer and you get it.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • gcorking
    gcorking Posts: 26 Forumite
    Lovely, that's the answer I was looking for haha. Fingers crossed it gets sorted by then!
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