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Had a Decision in principle but now found a better rate
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aj9648
Posts: 1,386 Forumite
Hi
I have had a DIP with Atom bank last week at 1.44% fixed for 5 years. Today they brought out a better rate at 1.34%. Can I ask them to switch me to the new rate or would I have to stop my existing application and start again??
I have had a DIP with Atom bank last week at 1.44% fixed for 5 years. Today they brought out a better rate at 1.34%. Can I ask them to switch me to the new rate or would I have to stop my existing application and start again??
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Comments
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Your rate gets locked in at the time of full application so don’t worry they will check this at later stage and amend it for you in application.0
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A DIP is just a credit check, it is not rate specific.
The rate may change again between now and application.I am a Mortgage AdviserYou 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.0 -
Ah right - so the rate may even go up again!!! Darn !!0
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