PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

I feel my mortgage is about to be withdrawn

Options
Mermaid89
Mermaid89 Posts: 107 Forumite
in House buying, renting & selling
Hi all

We are first time buyers. We reserved a new build on 50% shared equity scheme. We employed a broker who got us a mortgage with the Halifax and have received (numerous) mortgage offer letters from them. A quick call from the developers yesterday to say ready to book home demo and exchange/complete, hopefully before the bank holiday. Taking this information with a pinch of salt as I had not heard from our solicitors nor transferred our deposit, I called them and the solicitor advised it has been referred to the Halifax legal team to check they are happy to proceed, but if not it will result in withdrawal. I have no idea why they would send us offer letters and then withdraw at seemingly the last hurdle? Does anyone have any experience with this as I'm starting to feel we may lose this house now. Our mortgage broker is also chasing them and waiting for a response but nothing yet.

Thanks

Comments

  • RedFraggle
    RedFraggle Posts: 1,309 Forumite
    First Post First Anniversary Name Dropper Photogenic
    Options
    Has the mortgage offer expired?
    Has anything in your financial circumstances changed since the offer was made.
    Officially in a clique of idiots
  • Mermaid89
    Mermaid89 Posts: 107 Forumite
    Options
    Mortgage offer valid till June. Nothing has changed in respect of circumstances at all, other than my hire purchase is paid off now
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.3K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 248K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards