PTSB drawdown delayed - do I get lower fixed rate?

[masterboy123]

I got mortgage approval for 5 year fixed at 3% in March 2019.
However new home won't be ready to move in by December 2019 and current offer expires soon.
I just have to send latest payslips and statements to extend the offer.
But I have noticed PTSB has introduced a lower rate of 2.95% for 5 year fixed.

My question is do I automatically get this new rate of 2.95%? I haven't withdrawn any amount from mortgage yet.

Thanks

 

[Brendan Burgess]

I would say yes.

But keep an eye on rates and apply to another lender as well - e.g. KBC or Ulster who tend to cut their rates more often.

Brendan

 

[masterboy123]

Thank you Brendan.

I choose PTSB due to best cash back offers. And hoping to break the deal after 2 years if a good deal is out there.