Contracts signed looking for a better mortgage deal?

R

rochforn

Registered User
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Hi guys

I've signed contracts on a new build which won't be ready for a few months, and have full loan offer on a fixed rate from the bank. Just wondering is it possible to still shop around for a better loan offer from different banks even tho I've signed? And also could I change the to variable with own bank before drawdown if so wished?
 
Yes and yes.

And you should definitely not make a final decision on the mortgage until you see which is offering the best deal when you sign.

Brendan
 
Thanks Brenden I've gotten an excemption on The central bank rules on current loan offer which was the highest offered by any bank I approached by 30k which is crazy, I don't think anyone will better it. The LTV ratio is 68% and I'm missing out by a measly 2% on the help to buy schemes criteria of minimum 70% LTV but bank can't go any higher with excemption unfortunately so I'm going to still try and shop around with hope...
 
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