Mortgage Offer Expiring

Adam16

Our 2.29% 5 year fix offer with HSBC is coming to an end mid-October. 

Its looking hit or miss if we will exchange and complete before that time. 

Conscious that the BOE are likey to increase base rate next week, we just got an AIP from Natwest for their best 5 year fix. 

My question - will Natwest honour their interest rate on the AIP for a certain period? Or will they change it? And is this the best plan B if we don’t manage to complete before our existing offer expires? 

K_S

@adam16 To secure a rate with NatWest, you'll need to submit a full application.

Very few lenders will allow you to secure a rate at DIP (eg: Nationwide allows you to do that for a 90 day period), NatWest isn't one of them unfortunately, at least not for broker apps.

Adam16 said:

Our 2.29% 5 year fix offer with HSBC is coming to an end mid-October. 

Its looking hit or miss if we will exchange and complete before that time. 

Conscious that the BOE are likey to increase base rate next week, we just got an AIP from Natwest for their best 5 year fix. 

My question - will Natwest honour their interest rate on the AIP for a certain period? Or will they change it? And is this the best plan B if we don’t manage to complete before our existing offer expires?