Financial Times FT.com

Race to secure mortgage rights

By Ellen Kelleher

Published: October 3 2008 20:13 | Last updated: October 3 2008 20:13

Property owners looking to remortgage within the next six months should consider purchasing the right to lock into a particular deal in advance, to protect themselves in case mortgage rates climb higher and house prices fall even further.

Mortgage rates and fees may be on the rise in these uncertain times, but many lenders will still allow borrowers to reserve deals months before any papers are signed.

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