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Problem?

r83_2
r83_2 Posts: 70 Forumite
in Mortgages & endowments
Hi,

We had our full mortgage offer end of last month. We had our formal mortgage offer in the mail. Today I received another mortgage offer which reads - YOUR AMENDED MORTGAGE OFFER.

There isn't anything that has changed but the overall cost of the borrowing. It has one down by £30. Why would this be? I am little worried over this.

Help !!!
«1

Comments

  • reformedEffortmaker
    reformedEffortmaker Posts: 457 Forumite
    why dont you ring the bank and ask them?
  • r83_2
    r83_2 Posts: 70 Forumite
    Thanks, I did so and they have told me that there is not anything to worry about. Offer is still in place for the full amount. I am just curious as to why will it happen? Because, bank advisor isn't sure (I actually tried on two different calls) as to why has it happened and I have been issued Amended Mortgage Offer.

    Thanks,
    R
    reformedEffortmaker wrote: »
    why dont you ring the bank and ask them?
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Did you take any buildings insurance through the lender?
    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.
  • r83_2
    r83_2 Posts: 70 Forumite
    Nope. I have opted to go for Legal & General for Building and contents insurance?
    GMS wrote: »
    Did you take any buildings insurance through the lender?
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Some lenders charge an admin fee for not insuring through them. If your costs have gone down i is not due to this.

    Compare the fees in both offers to see if any have lowered.
    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.
  • r83_2
    r83_2 Posts: 70 Forumite
    Unfortunately nothing has changed in any fees. I know this is tricky but hey ho !!
    GMS wrote: »
    Some lenders charge an admin fee for not insuring through them. If your costs have gone down i is not due to this.

    Compare the fees in both offers to see if any have lowered.
  • Meeper
    Meeper Posts: 1,394 Forumite
    If the only thing that has changed is that your total to pay has reduced by £30, who cares?
    I am an Independent Financial Adviser
    You should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • r83_2
    r83_2 Posts: 70 Forumite
    Understood but just curious and little worried if anything could go wrong at the time of completion. x
    Meeper wrote: »
    If the only thing that has changed is that your total to pay has reduced by £30, who cares?
  • Meeper
    Meeper Posts: 1,394 Forumite
    People worry too much.

    All is well, go sleep soundly. :)
    I am an Independent Financial Adviser
    You should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • r83_2
    r83_2 Posts: 70 Forumite
    Spoke with bank this morning again. Apparently, my offer went back to Pre Offer for some reason and than was approved again?? Why would they do it? Bit worried over this now but good news is, as confirmed by advisor at the bank and by broker, no need to worry, the full offer is available to us.
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