Mortage rate moved after approval - what to do?

[kmpowell]

To cut a long story short...

1. We applied for a remortgage product pre-brexit. We were approved without quibble and a 16wk window given to complete.
2. Base rate was cut, and Virgin lowered their rate on the product by .2%, so I inquired if we would get the new rate of 1.74 v the 1.94 (fixed for 3yrs)
3. Virgin said no, citing the 1.74% being a new product (different product code) so if we want to do a switch we need to start the entire application process again.

Whilst i'm not adverse to restarting the application, my worry is another credit check against our names, and what impact that has given the £amounts.

Can anybody shed any light on the impact (if any), and am I worrying over nothing?

Thanks in advance

[kmpowell]

Had it confirmed that the £995 fee I paid originally can/will be transferred, but there will be another credit check made on our records due to it being a new application.

So does anybody know the impact, if any, of another credit check for this type of application?