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Quick Question Mortgage rate increases after offer sent.
ddonq1412
Posts: 119 Forumite
Once you have an offer for mortgage and the bank increases the rates on that product. Can i still get mine at the agreed rate or do i go on to the new rate im due to complete in the next 2 weeks.
0
Comments
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The rate you pay is the one on your offer letter0
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Thanks for confirming that.0
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The bank changed my product rate before application was approved, but I still got the rate I applied at - basically the rate you applied at will be the one on your offer0
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The offer is binding, providing you accept it of course
Rates can change at any time. Though once an application is submitted. The product applied for will be honoured.0
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