Rates up again - Page 3

kaiowas · 17-01-2007, 09:22

Our problem is that we've not actually had the mortgage offer yet. We got an agreement in principle, then we found the house. After that we chose exactly how much we wanted to borrow, how long wanted to be fixed for, got quoted a rate based on that and signed some forms. At this point the mortgage advisor was presumably supposed to make the actual application. As it was nothing happened on the mortgage front for a good few weeks (the money for the survey wasn't even taken out of my account) then our solicitors started asking where our mortgage offer was so we chased it up. We were told that "It usually takes this long things should happen soon" then coincidently everything started moving again the next day.

Obviously our suspicion is that the mortgage advisor was being incompetent and had not actually made the application. Being put back a few weeks by this isn't such a big problem but with us not having actually received an offer yet i'm worried that her crapness will mean that we end up with a higher rate.

Admiral Huddy · 17-01-2007, 12:55

Quote:

Originally Posted by lostkat

So it should be fixed from the moment they send you the mortgage offer? I think that's what happened with us. If they want to change it, I guess they have to send a new offer?

Yes, you are buying a product. In this case a rate. If it is a different rate, then it's a different product.

However, they can sell out of these rates and buy in new new rates, which may differ.

Desmo · 18-01-2007, 10:22

We're just re-mortgaging right now to free up some cash to finish off renovating downstairs. Sorted it last night and just managed to get in on an "about to finish" deal. 5.29% fixed for 2 years.

Admiral Huddy · 22-01-2007, 11:28

Quote:

Originally Posted by Desmo

We're just re-mortgaging right now to free up some cash to finish off renovating downstairs. Sorted it last night and just managed to get in on an "about to finish" deal. 5.29% fixed for 2 years.

Can you overpay on the capital? Without any fee or charge?

Desmo · 22-01-2007, 11:50

Yep, overpayments aren't a problem although I think they're limited to a certain amount but that won't be an issue for us.

Admiral Huddy · 22-01-2007, 12:21

Quote:

Originally Posted by Desmo

Yep, overpayments aren't a problem although I think they're limited to a certain amount but that won't be an issue for us.

Who is that with if you don't mind me asking?

Desmo · 22-01-2007, 12:40

It's with Halifax. Sorted by my FA, not by me. I also go self-cert at the moment too so you could probably get a slightly better rate.

Nutcase · 22-01-2007, 23:44

Woo hoo! Contracts exchanged today, completion Friday

Desmo · 23-01-2007, 09:12

Nice one Nutter

17-01-2007, 09:22	#21
kaiowas The Stig Join Date: Jul 2006 Location: Fightertown USA Posts: 1,458	Our problem is that we've not actually had the mortgage offer yet. We got an agreement in principle, then we found the house. After that we chose exactly how much we wanted to borrow, how long wanted to be fixed for, got quoted a rate based on that and signed some forms. At this point the mortgage advisor was presumably supposed to make the actual application. As it was nothing happened on the mortgage front for a good few weeks (the money for the survey wasn't even taken out of my account) then our solicitors started asking where our mortgage offer was so we chased it up. We were told that "It usually takes this long things should happen soon" then coincidently everything started moving again the next day. Obviously our suspicion is that the mortgage advisor was being incompetent and had not actually made the application. Being put back a few weeks by this isn't such a big problem but with us not having actually received an offer yet i'm worried that her crapness will mean that we end up with a higher rate. __________________ Anal Fish Porn

18-01-2007, 10:22	#23
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	We're just re-mortgaging right now to free up some cash to finish off renovating downstairs. Sorted it last night and just managed to get in on an "about to finish" deal. 5.29% fixed for 2 years. __________________

22-01-2007, 11:50	#25
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	Yep, overpayments aren't a problem although I think they're limited to a certain amount but that won't be an issue for us. __________________

22-01-2007, 12:40	#27
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	It's with Halifax. Sorted by my FA, not by me. I also go self-cert at the moment too so you could probably get a slightly better rate. __________________

23-01-2007, 09:12	#29
Desmo The Last Airbender Join Date: Jun 2006 Location: Pigmopad Posts: 11,915	Nice one Nutter __________________

22-01-2007, 23:44	#28
Nutcase Moonshine Join Date: Dec 2006 Location: Chelmsford, innit! Posts: 3,979	Woo hoo! Contracts exchanged today, completion Friday