Mortgage - how long to lock in rate?

[matt666]

My fixed rate is coming to an end in about 6 months or so and I'm keen to lock in a good fixed rate while rates are still low. What's the earliest I can arrange a deal before my current deal ends?

[Sarnie]

matt666 said:

My fixed rate is coming to an end in about 6 months or so and I'm keen to lock in a good fixed rate while rates are still low. What's the earliest I can arrange a deal before my current deal ends?

90 days usually...........

[matt666]

Cheers, hopefully I'll still be able to lock in a decent rate

[dogz]

matt666 said:

Cheers, hopefully I'll still be able to lock in a decent rate

Most mortgage offers stand for 6 months

If you are re-mortgaging you could do this now and still take the benefit of low deals

If you are staying with the same provider then it is usually 90 days as Sarnie says

[Sarnie]

dogz said:

Most mortgage offers stand for 6 months

Incorrect.

Purchase offers last six months, remortgage offers are three months.

[dogz]

Sarnie said:

Incorrect.

Purchase offers last six months, remortgage offers are three months.

Incorrect - mine with Barclays was 6 months. I sorted with over 3 months left with my current lender (TSB) and no issue on drawdown with Barclays

[Sarnie]

dogz said:

Incorrect - mine with Barclays was 6 months. I sorted with over 3 months left with my current lender (TSB) and no issue on drawdown with Barclays

A single lender does not make a market....

[dogz]

Sarnie said:

A single lender does not make a market....

But not all re-mortgage offers are 3 months are they?

From memory YBS where also the same

[Sarnie]

dogz said:

But not all re-mortgage offers are 3 months are they?

From memory YBS where also the same

Nearly all remortgage offers are 3 months, hence my post....