Mortgage Interest Rates

dubal

If you get a Loan Offer, are the rates fixed for the duration of the offer or are they selected as the prevailing rate at drawdown?

Does the lender have any flexibility to change its mind?

awec

I think the rate gets locked in when you sign the full mortgage loan pack with your solicitor.

If I'm remembering correctly, that is...

kodak

Yes rate at drawdown

Sierra Oscar

It's usually written into the T&C's that the rate can be altered up the point of drawdown.

howiya

https://www.boards.ie/discussion/comment/119025257#Comment_119025257

Yeah was looking through ours the other day. Rate is not guaranteed or words to that effect

slystallone

https://www.boards.ie/discussion/comment/119024552#Comment_119024552

Does the solicitor's pack usually get emailed or posted to the solicitor?

awec

https://www.boards.ie/discussion/comment/119085805#Comment_119085805

Post.

Nothing gets emailed in this game.

slystallone

https://www.boards.ie/discussion/comment/119086133#Comment_119086133

Do you need the life and home insurance sorted before you sign the contracts?

JohnnyChimpo

https://www.boards.ie/discussion/comment/119091668#Comment_119091668

Yes, home insurance, life insurance, and the solicitor sends a Deed Of Assurance to the bank to assign the life insurance policy to them