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What would happen with my mortgage if I pull out the offer- Unsatisfied Survey report
rasakukoo
Posts: 42 Forumite
I would be grateful if somebody could advice.
I am First Time Buyer. My house valuation is satisfactory and mortgage application has been accepted (all witin 2 weeks). I have instructed for Building Survey for next week Monday. My situation is as follows:
Mortgage In Principle accepted for £178000
Find a house and offoer accepted £191000
Mortgage application applied and accepted for £152800 (20% deposit)
Now, I am just wondering if the Building survey report is unsatisfactory then, I may need to pull out the offer. In this case, can I find another house (which might me more expensive say i.e. £210k and applied for remaining mortgage amount. How it works?? please advice
I am First Time Buyer. My house valuation is satisfactory and mortgage application has been accepted (all witin 2 weeks). I have instructed for Building Survey for next week Monday. My situation is as follows:
Mortgage In Principle accepted for £178000
Find a house and offoer accepted £191000
Mortgage application applied and accepted for £152800 (20% deposit)
Now, I am just wondering if the Building survey report is unsatisfactory then, I may need to pull out the offer. In this case, can I find another house (which might me more expensive say i.e. £210k and applied for remaining mortgage amount. How it works?? please advice
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Comments
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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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