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Renegotiate deal after agreement
Radionotme
Posts: 126 Forumite
Hi, it's been a while since I moved - had forgotten quite how long it can take!
We sorted out our mortgage about a month or so ago, 4.87% on a 2 year tracker, no fee, as the best option for our situation. The survey has gone through, and the mortgage approved.
Time has moved on, we haven't got an exchange date yet (though progress is being made throughout the chain), but rates are plummeting. The same mortgage is now 4.62%.
Is there anything stopping me trying to reopen talks with the mortgage provider (Halifax) to get the current offer as opposed to what we signed up for, given that the mortgage hasn't started, and we haven't even got a firm date in place?
We sorted out our mortgage about a month or so ago, 4.87% on a 2 year tracker, no fee, as the best option for our situation. The survey has gone through, and the mortgage approved.
Time has moved on, we haven't got an exchange date yet (though progress is being made throughout the chain), but rates are plummeting. The same mortgage is now 4.62%.
Is there anything stopping me trying to reopen talks with the mortgage provider (Halifax) to get the current offer as opposed to what we signed up for, given that the mortgage hasn't started, and we haven't even got a firm date in place?
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Comments
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Nothing to stop you requesting a change of product.0
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A below base-rate tracker from Halifax? Really?Radionotme said:Hi, it's been a while since I moved - had forgotten quite how long it can take!
We sorted out our mortgage about a month or so ago, 4.87% on a 2 year tracker, no fee, as the best option for our situation. The survey has gone through, and the mortgage approved.
Time has moved on, we haven't got an exchange date yet (though progress is being made throughout the chain), but rates are plummeting. The same mortgage is now 4.62%.
Is there anything stopping me trying to reopen talks with the mortgage provider (Halifax) to get the current offer as opposed to what we signed up for, given that the mortgage hasn't started, and we haven't even got a firm date in place?I am a mortgage broker. 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.0 -
Seems very dubious the rates you’re claiming on a tracker ha.0
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No idea why I wrote tracker, I'm assuming the predictive text, poorly predicted! Clearly, that should have been 'fixed'.
Anyway, got an appointment to discuss, this afternoon.0
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