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Mortgage rates dropping after deal agreed

 
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jimidriscoll



Joined: 30 Oct 2012
Posts: 10

PostPosted: Tue Oct 30, 2012 7:31 am    Post subject: Mortgage rates dropping after deal agreed Reply with quote

I am in the process of buying a house as a first-time buyer.
I am at the stage of the solicitor conducting the searches.
The solicitor has just sent me the mortgage deeds to sign to enable them to obtain the advance when it is required.
However, mortgage rates are now falling. If i sign this deed will i be locked into the mortgage at the rate it states or will i still be able to get the lower rate if my mortgage provider drops the interest rate before the exchange of contracts?
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akilina123



Joined: 05 Nov 2012
Posts: 10

PostPosted: Tue Nov 06, 2012 4:09 am    Post subject: Reply with quote

How much will the average mortgage rate drop by the end of September?
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