MSE News: Mortgage rates are rising - if you're considering remortgaging act NOW

I think I know the answer to this, but, just to be sure...
I'm in the process of remortgaging now. Current mortgage with Santander is 4.99% for three more months of a 5 year fix, going onto their 4.49% SVR after that.

After a bit of shopping around, the best remortgage deal I've found (after discounting providers who won't lend on a house with an unrepaired-prc home next door) is with Santander again, this time 5 years at 2.49% with no fees.

I've got a Conversion offer from them, and have until the 26th to accept it. Is the rate 'locked' now? Can I take the full 14 days to decide I want to go ahead? Or is there a risk it could still change?

I feel like it should be fixed from the wording in the documents, but it's not explicit. All I've had to do so far is click a couple of buttons on a web form, so it feels 'too easy'. I think it's pretty unlikely I won't accept the offer, but I don't want to rush into another 5 year commitment either.

TIA

FredaJones wrote: »

1.09 to 1.29 is hardly a rocket of a rise. :rotfl:

In MSE World, it's an 18% increase in your mortgage rate!!!


Meanwhile, in the actual world, it's an extra £13 (2%) per month on a typical mortgage.