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Mortgage Offer Received - Now Base Rate Has Dropped
anotheruser
Posts: 3,485 Forumite
I've received a mortgage offer but not actually started the payments or anything yet.
Does the base rate drop affect this? It's a fixed deal for two years, so I guess not but didn't know if I could query it because we've not actually started it yet.
Does the base rate drop affect this? It's a fixed deal for two years, so I guess not but didn't know if I could query it because we've not actually started it yet.
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Comments
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It will not affect your 2 year fixed rate you have already been offered, no.0
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The swaps for new products have largely discounted the rate change in the last couple of months, so don't expect a new two year fix to drop by 0.25%.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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