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post office mortgage help
mummyemma
Posts: 106 Forumite
Hi
Just wanted to see if any people on here have recently gone through a mortgage with post office and have they run into any problems.
Bit of background Abbey turned us down at 90% but agreed at 80%. I then put a AIP with post office which has been agreed at 90%. I realise that this will have to go to an underwritter but am worried we will find a house and then get mortgage turned down
thanks
Emma
Just wanted to see if any people on here have recently gone through a mortgage with post office and have they run into any problems.
Bit of background Abbey turned us down at 90% but agreed at 80%. I then put a AIP with post office which has been agreed at 90%. I realise that this will have to go to an underwritter but am worried we will find a house and then get mortgage turned down
thanks
Emma
0
Comments
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Why did Abbey reduce to 80%? Was it down to you or the property?I am a Mortgage AdviserYou 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.0
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Down to us I think, our broker approached them for us for an AIP they said not at 90% but yes at 80%0
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Was the property a new build? If so was it a flat or house? Are you first time buyers?I am a Mortgage AdviserYou 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.0
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Not a new build and no not first time buyers but havent had a mortgage for last 4 years.
Just to say we havent yet found a house we wanted to make sure we could get a mortgage before we started looking hence getting a AIP0 -
Down to us I think, our broker approached them for us for an AIP they said not at 90% but yes at 80%
Then you need to ascertain why. As the same factors could impact the decisions made by other lenders.
The alternative is of course to purchase a lower value property and borrow less .0
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