Mortgage product being withdrawn - Time to panic .. or?

throwaway_lon

I was outbid at the last hurdle a week after a vendor was deliberating my offer and have now been contacted by my broker (L and C) to say that the mortgage product I was interested in is going to be withdrawn (3.51% with cashback, 80% LTV / 3.38% /75% LTV) - and that I have to complete my application by Weds end of day (tomorrow, 5pm)

I've got quite a few places I'm interested in viewing (the earliest I can view is Saturday). With one place in particular being a clear winner due to location, potential, layout, size, everything, basically.

I've not yet spoken to the agent (couldn't get through today), but was wondering if it's possible to make an offer without viewing it (and view it this Saturday)?

Additionally/alternatively, does anyone have any insight into what the changes to interest rates are likely to be? Will the best rate be 0.1% or 0.5% higher, or much different?

Cheers.

[Deleted User]

Yeah you can make a offer without viewing it , but I wouldn’t then go and view it on Saturday as they won’t accept it based on that. Just take a chance and ask to go in a few weeks time to measure up if it’s accepted

K_S

throwaway_lon said:

I was outbid at the last hurdle a week after a vendor was deliberating my offer and have now been contacted by my broker (L and C) to say that the mortgage product I was interested in is going to be withdrawn (3.51% with cashback, 80% LTV / 3.38% /75% LTV) - and that I have to complete my application by Weds end of day (tomorrow, 5pm)

I've got quite a few places I'm interested in viewing (the earliest I can view is Saturday). With one place in particular being a clear winner due to location, potential, layout, size, everything, basically.

I've not yet spoken to the agent (couldn't get through today), but was wondering if it's possible to make an offer without viewing it (and view it this Saturday)?

Additionally/alternatively, does anyone have any insight into what the changes to interest rates are likely to be? Will the best rate be 0.1% or 0.5% higher, or much different?

Cheers.

@throwaway_lon Limited to the mortgage aspect of your post - sounds like Halifax? Are you buying an EPC A/B property? Afaik, the c/b is only for the Green products.

Anyway, if it is Halifax, the equivalent rates are going up to  -
80% LTV 3.51% 5yr fix - 3.62%
75% LTV 3.38% 5yr fix - 3.50%

Here's the new product guide applicable from Thursday