When all joint borrowers: owners and income boosters on the mortgage have agreed to accept the rate, it is applied to your account to take effect when your current fixed rate expires.

An Early Repayment Charge (ERC) may be payable if you switch your mortgage rate before your current fixed rate period expires.

We will give you a 10-day reflection period from when all parties accept the offer. You don’t have to take any action within this time if you want to proceed with your mortgage offer. If the agreed start date of your new mortgage rate is before the 10 days expire, we will take this as confirmation that you have waived your reflection period for this offer.

If you lock in a new rate, you can still switch to a different rate or cancel your switch without paying early repayment charges until 5 working days before your product switch completes.