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Rescinded mortgage - my rights
cropstar_2
Posts: 3 Newbie
Hi
I have recently had a mortgage offer rescinded after the bank changed their minds regarding the nature of my deposit (I was buying a flat with a family friend who was putting 50% of the money down in cash and we were doing a deed of trust as he wasn't on the mortgage application). They had already issued a firm offer to me and I had paid fees (mortgage, survey etc.), so I want to find out what rights I have about recouping this money from them?
Any help gratefully received.
Thanks!
I have recently had a mortgage offer rescinded after the bank changed their minds regarding the nature of my deposit (I was buying a flat with a family friend who was putting 50% of the money down in cash and we were doing a deed of trust as he wasn't on the mortgage application). They had already issued a firm offer to me and I had paid fees (mortgage, survey etc.), so I want to find out what rights I have about recouping this money from them?
Any help gratefully received.
Thanks!
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