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Mortgage Offer

Rebchappers
Rebchappers Posts: 238 Forumite
in Mortgages & endowments
We had a mortgage offer from Nationwide but the house sale fell through. We have now found a new property for the same price.... do we just inform the lender and our solicitor of the new property details? (The offer is valid until Feb 2009) i assume the lender will carry out a valuation of the property, and if all is ok they will just amend the property details on the offer? Will they carry out another credit check or will we have to start from scratch?

Thanks
Getting Married Sat Aug 22nd 2009...... so excited!!

June Brings: 3 x Radiohead Albums, pair of crystal & Pearl Wedding Earrings ( My first wedding win!), Juice, Mad Money DVD
Thanks to all posters :beer:

Comments

  • Rebchappers
    Rebchappers Posts: 238 Forumite
    Anybody who can help?
    Getting Married Sat Aug 22nd 2009...... so excited!!

    June Brings: 3 x Radiohead Albums, pair of crystal & Pearl Wedding Earrings ( My first wedding win!), Juice, Mad Money DVD
    Thanks to all posters :beer:
  • koexelek
    koexelek Posts: 7,847 Forumite
    All they should need to do is a change of property details form, with you paying for a new survey.

    Highly unlikely they would score it again after such a short time.
    A lender credit search is normally OK for up to 3 months
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Rebchappers
    Rebchappers Posts: 238 Forumite
    Koexelek

    Thank you very much for that. I was worried that we would have to start from scratch and risk being declined (even though our circumstances havent changed... im paranoid of finding our ideal home and then for nationwide to decline the funds)

    That has made me feel much better.

    If anyone else has any experience of this, i would be very inetersted to know

    Thanks
    Getting Married Sat Aug 22nd 2009...... so excited!!

    June Brings: 3 x Radiohead Albums, pair of crystal & Pearl Wedding Earrings ( My first wedding win!), Juice, Mad Money DVD
    Thanks to all posters :beer:
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