Sign title deed 5 months out?

xzibit

Due to the volatility of the market we like many others have applied for a deal with NatWest to lock in a rate prior to our current fixed rate ending at the end of March 2023. The mortgage has been approved and their solicitors have asked us to sign the title deeds. 

What happens if in 5 months we end up staying with our current lender as they can offer a competitive rate and we’ve already signed over the deeds? I’ve never remortgaged before so unclear on the process. 

london21

You can sign and still decide not to continue if you want. You have to communicate with your conveyancing company not to complete without your permission. 

Until completion can change mind for re-mortgage.

I doubt rates will go so low in the next 5 months.

xzibit

Thanks. I was worried signing the deeds was a permanent non-cancellable thing. 

I also doubt the rates will reduce, but who knows. We’ve made sure the conveyancer knows not to complete until our fixed rate ends. 

london21

xzibit said:

Thanks. I was worried signing the deeds was a permanent non-cancellable thing. 

I also doubt the rates will reduce, but who knows. We’ve made sure the conveyancer knows not to complete until our fixed rate ends. 

Few days/weeks before it ends.