I am in the process of buying a house as a first-time buyer.
I am at the stage of the solicitor conducting the searches.
The solicitor has just sent me the mortgage deeds to sign to enable them to obtain the advance when it is required.
However, mortgage rates are now falling. If i sign this deed will i be locked into the mortgage at the rate it states or will i still be able to get the lower rate if my mortgage provider drops the interest rate before the exchange of contracts?