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Changing Product after Mortgage Offer
hufc2002
Posts: 329 Forumite
Hi
Our mortgage application with HSBC is currently with the underwriters. This has been submitted via a broker and we have applied for a 90% LTV on a 2 year fixed rate.
If the application is successful, are we able then to change the product i.e. go for a 5 year fixed rate?
Just trying to weigh our options up given that the base rate is really only going to go one way.
Our mortgage application with HSBC is currently with the underwriters. This has been submitted via a broker and we have applied for a 90% LTV on a 2 year fixed rate.
If the application is successful, are we able then to change the product i.e. go for a 5 year fixed rate?
Just trying to weigh our options up given that the base rate is really only going to go one way.
0
Comments
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Most likely you can but it will delay a process a bit. Not a problem at all if it is a remortgage.
If it is a pourchase I personally would not make any amendments for a simple reason that normally the vendor can pull out at any time before the exchange and the extra couple of days could possibly mean that the vendor gets offered a better price at the last minute so personally I would never do anything that can even slightly delay the application.
But is is obviously up to you.0
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