skip to main content
Request a call back

Leave your contact details and one of our expert advisers will call you back shortly.

You can also complete our mortgage questionnaire for a more accurate initial response.

Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Menu

Worried about missing out on the best deals? As fixed mortgage rates fall, with several lenders cutting rates every week, homeowners fixing now may be concerned that rates after Christmas could be even better (Francesca Steele writes).

However, brokers say that some lenders, including Clydesdale Bank and Coventry Building Society, are allowing borrowers to switch to even lower rates after they have already made a mortgage offer in principle, at any point up until contracts have been exchanged.

Some lenders may ask customers to pay a small fee to do so, but this allows borrowers to take advantage of further rate reductions even after they have applied, says Aaron Strutt of Trinity Financial.

He adds that lenders are unlikely to highlight this as an option, but that it is reasonably common, although a switch will often be subject to another affordability check and borrowers will have to fill out an amendment form.

“We have saved some of our clients thousands of pounds by swapping their rates prior to completion. It is worth asking the lender before you apply if they will let you swap rates. However, it will take time to get another mortgage offer produced and the product switched over.”

Click here to view the full story £

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Need some advice today?

Book a Consultation Mortgage Questionnaire
PageID1