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A 2nd mortgage as backup plan?
Roselondon_2
Posts: 126 Forumite
If we know the lender we applied with is very picky and fear it would ruin our deal for the dreamed house, does it make sense to apply with a 2nd lender just in case the first one fall through?
I know there would be extra valuation fee or set up fee. But is there any other downside other than paying a bit extra?
Will it affect the assessment by the first lender if they find out in the credit report the application with a different bank??
I know there would be extra valuation fee or set up fee. But is there any other downside other than paying a bit extra?
Will it affect the assessment by the first lender if they find out in the credit report the application with a different bank??
0
Comments
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I wouldn't apply for 2 mortgages - definitely not.
You could get an agreement in principle though I suppose. Is there anything that really concerns you about you current application?0
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