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mortgages and credit checks
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is it worth just withdrawing my offer knowing it will not be approved still being connected with another mortgage?0
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No. Having an existing mortgage does not stop you being approved for a new one. If you look at post no.2, I clearly set out the way an existing mortgage is dealt with.is it worth just withdrawing my offer knowing it will not be approved still being connected with another mortgage?
You need to tell the new lender you are currently party to a mortgage which you accidentally omitted as you will be removed from it before this one starts.
They will take it into account, knowing it will not be continuing and it will be made a condition of your new offer that you be removed or that it be repaid on or before the completion of your new mortgage.
You really could have done with some decent advice before you embarked on this plan. Hopefully you will be able to rectify it easily in the morning.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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