Offer accepted > can we still get a different mortgage?

mrjenp

OK, another FTB here (not to mention first-time poster!) - so please accept my apologies for any stupid questions in advance!

My fiance and I managed to get an offer accepted on the house we'd like at the weekend, and already have a MIP from via a broker (Countrywide)

However, due to some financial developments of ours over the weekend - we now want to change mortgage to a different lender by ourselves - the Lloyds "lend a hand" product to be specific.

Is this something that'll be seen as odd from the seller's perspective - do they even know? I'm hoping that if we can get a MIP from Lloyds in the next few days it'll be OK, then we can instruct lawyers/send surveyors etc. ?

I'm taking the view that i'd rather do mortgage/solicitor/survey independently, the Countrywide broker seemed very pushy...

G_M

Where you get your mortgage is not you vendor's business. They may be concerned if it slows down the sale but as you are at such an early stage I see no problem.

lee636

I think you'll see a lot less conflict of interest if you keep them seperate.

pippa80

You can get a different mortgage - we just did so today. Our AIP was with the Post Office but we're going ahead with the Co-op. I don't think it will take much if any longer and we're getting a better rate.

Most important thing is to keep things moving along I think.

mrjenp

Thanks to all for your replies - the advice is much appreciated

DVardysShadow

If the house you are buying is also with Countrywide, you are probably going to get some grief from them. but don't let it put you off.

They may get the vendor on side to play some games, but basically if you are left with ultimatums apparently from the vendor, you need to write a letter to the vendor, saying 'Agent said <whatever> - could you contact us to discuss?' and drop it through vendor's door.

There is now a slight increase in risk of losing the property, but don't let it put you off - if this happens it would not turn out well in any case.

Bananamana

HI first time poster :P

The information you give to your broker should be confidential and the fact that the valuation hasn't been done yet will mean your buyer won't be aware.

As it's early days with your legals you'll have loads of time to get an offer through

becca0417

You should be fine!

sonastin

If you don't do well with pressure selling, keep mssing / changing the appointment with the countrywide broker until you have found an independent mortgage broker and got the application sorted. Then turn round to countrywide and tell them that your mortgage is sorted with xxx. They can't make you take out a second mortgage before you've even bought the house!!