Mortgage help

[ScotsLassie322]

Hi, we are moving house and I'm looking to get a mortgage with Barclays.

I've applied for an AIP. Seems I can't get a rate agreed now though and need to book a phone appointment. The first available is the end of October.

Is there any way I can tie in a mortgage rate just now?

Have you tried a broker? Ideally no fee whole of market.

Yeah, they just sent me on an AIP also (which has no rate on it) and they're just giving me current rates and said they can't lock them in until I actually go for the mortgage with a bank? I've not had an offer accepted so maybe I can't get a rate confirmed until that happens?

If you haven’t got an offer accepted you can’t apply for the mortgage and lock in a rate. An AIP doesn’t lock in the rate.

Thanks, just off the phone to the bank who confirmed the same.

Absolutely livid with this government.

I'm in the same position and it's maddening, i made the first move to transfer mine to a fixed rate deal at the start of the week, sent paperwork straight through and just had a call to book an appointment with a mortgage advisor (which seems like massive overkill given my LTV ratio compared to income and I'm staying with the same provider) and just this week the interest rate has gone up 2%. Can't get an appointment til a week on Monday so no doubt it'll be another 2% by then!

Yip. If our offer is accepted on the house we are going for, we would be borrowing less but paying more each month due to the interest hikes. However even if we get an offer accepted today, I can't tie into a rate until the end of October .
What a disaster.