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Are rates only secured for that day you call up?!

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Am going through a product switch with Halifax and have already paid my ERC on Monday which shows on my account.

Ive been waiting for a ‘signed declaration’ to be sent but my mortgage advisor there only works a couple of days a week and so no response constantly to emails!!

Does anyone know if they can still pull the rate if I’ve paid the ERC but it’s still at ‘pre offer’ stage as i’m waiting on this declaration?!

Also is it a paper signed document through the post or digital?

So stressful waiting for other people!

Comments

  • penners324
    penners324 Posts: 3,511 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Rates are secured the moment you apply for the product
  • penners324
    penners324 Posts: 3,511 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    You can do product switches by the Halifax portal or by phone call with Halifax
  • You can do product switches by the Halifax portal or by phone call with Halifax
    Thank you. I’ve been doing it by phone but whilst uploading necessary documents and going through affordability again to due a term reduction it’s been taking a while!

    someone today said that they can then change the rate if it’s gone up!
  • K_S
    K_S Posts: 6,879 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    Lewis7498 said:
    You can do product switches by the Halifax portal or by phone call with Halifax
    Thank you. I’ve been doing it by phone but whilst uploading necessary documents and going through affordability again to due a term reduction it’s been taking a while!

    someone today said that they can then change the rate if it’s gone up!
    @lewis7498 Assuming the full application has gone in, you should be fine.

    I am a Mortgage Adviser - You 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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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