Can you lock in a mortgage renewal over 7 months ahead of the existing product expiring?

[essexmummy321]

My broker seems to think it's possible to secure a deal now for when my product expires in February, then if a better deal comes along nearer the time switch to that, does anyone know if is this possible? I thought it was 6 months max.

I checked my current provider and they only allow it 3 months ahead. Annoying.

It varies. Check the terms of your current mortgage. In some cases it might be cheaper to pay the early exit fee and sign up for a new deal now (we did that once).

Sorry, I don't mean incurring an early exit fee and switching now - I mean securing the rate now and switching after the exiting product expires in Feb.

You need to ask your provider surely.

Even if it is six months by the time the paperwork has been done seven might be possible

Our current lender only allows this 4 months ahead. We paid the ERC and went elsewhere and locked in a 5 year fix.

I understood your question. I'm guessing you want to fix now as the rates will almost certainly be lower than later in the year?
If your lender only allows you to fix on a new deal 3 months ahead (which is the case for some lenders), depending on what deal you have / how much you've borrowed etc, it could be worth exiting your current deal now and taking advantage of the low rates than waiting until November and having to accept a higher interest rate. Maybe.

We just got a mortgage with 1st direct. They give you 6 months of a mortgage offer.

According to our mortgage broker we can do this. He's coming to see us next month to lock in the deal we'll switch to when our current one ends in February.

Ours was 6 months and not a moment sooner. Both the broker and lender contacted us to say that we could start the process. We didn’t need the broker however as we didn’t remortgage, just read over the options in the letter from the lender and chose the one we wanted.

We could have remortgaged to our old lender 3 months before our fix ran out, with our new lender it's 6 months. I've never heard of it being more than 6 months but I assume the mortgage advisor knows more than me.

HSBC is also six months, but we went early I. Jan this year to get a 5 year fix when the rates were lower and it was definitely the right decision despite an early exit fee. Would recommend doing the maths to see if it is worth moving now.

The maximum period I have seen from mortgage offer is 6 months. With some strategic planning it should be possible to delay getting the mortgage offer by a month from application. Also one lender I dealt with recently allowed to lock in the fixed rate on a Decision In Principle although most lenders need a full application to lock in a rate.

Yeah that was what I was going to say....there's no reason why you can't remortgage whenever it suits you as long as you're happy to pay the early repayment fees....if you only have 7 months left this fee will not be much as it reduces annually as you get closer to the end of the fixed period