Just wondering if you are approved for a fixed interest rate on a mortgage and have not yet drawn down the mortgage, if the ECB rates go up ,do you keep the original rate as long as you draw down within the 6 month window.
There is usually no way to "lock in" a particular interest rate while you are in the process of switching. The rate you get is the rate that the new lender is offering at the time of drawdown.
One exception was Avant when they recently increased many of their rates: anyone who had started their switcher application by 13 May has until 15 July to drawdown at the old rates.
Avant will raise their 5-, 7-, 10-, 15-, and 20-year fixed rates for applications received after May 13th. The increases are of the order of 20-to-30 bps. https://www.rte.ie/news/business/2022/0506/1296524-avant-money-to-increase-some-mortgage-rates/ Their 3- and 4-year rates will remain...