If a Rate Switch does not offer and complete within 90 days of being created then the application will need to be rekeyed and a new rate will need to be chosen.
The Rate Switch will not take effect until the required documents are uploaded.
If you create, submit a case, and upload the required documents before the deadline (7 days before month end), then the new rate will take effect from the start of the selected month.
7 working days is required to change a direct debit payment amount. If a payment is between the 1st and 7th of the month and all necessary documentations have been received and confirmed as satisfactory after the cut-off date (7 days before the end of the month) the direct debit will be claimed at the old amount. However, the first payment letter will confirm the account will have been changed.
If you miss the deadline (7 days before month end), then the new rate will take effect from the month after next. E.g. if documents submitted 26 January, the new rate will start on the 1 March.