Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • minimadtrix
    • By minimadtrix 9th Oct 16, 5:49 PM
    • 1,090Posts
    • 7,091Thanks
    minimadtrix
    Mortgage application in - no fee paid on fixed rate deal - then interest rates drop
    • #1
    • 9th Oct 16, 5:49 PM
    Mortgage application in - no fee paid on fixed rate deal - then interest rates drop 9th Oct 16 at 5:49 PM
    Hi
    Hopefully the title makes sense. We've applied for a fixed mortgage with Nationwide but not paid a product fee. I'm seeing that HSBC are now dropping their interest rates and was wondering, if Nationwide follow suit, when our mortgage starts, would the interest rate be at 2.79% as it is now/what it was when we applied for the mortgage, or would it be at a possible lower rate, if they drop it?
    Thanks in advance
Page 1
    • muhandis
    • By muhandis 9th Oct 16, 6:08 PM
    • 360 Posts
    • 146 Thanks
    muhandis
    • #2
    • 9th Oct 16, 6:08 PM
    • #2
    • 9th Oct 16, 6:08 PM
    I remember that we were somewhere in the buying process when the interest rate on the NW 2-year fix product we had reserved fell from 2.14% to 1.99%. Our broker informed us of the drop and sorted out the change to the lower rate.

    So I'm sure it's possible. If NW does drop the rates on your fixed product, flag it up with your broker or NW.

    Hi
    Hopefully the title makes sense. We've applied for a fixed mortgage with Nationwide but not paid a product fee. I'm seeing that HSBC are now dropping their interest rates and was wondering, if Nationwide follow suit, when our mortgage starts, would the interest rate be at 2.79% as it is now/what it was when we applied for the mortgage, or would it be at a possible lower rate, if they drop it?
    Thanks in advance
    Originally posted by minimadtrix
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

125Posts Today

1,795Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin