We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Please help- about to loose new home!
clusters
Posts: 48 Forumite
All the usual apologies if this thread is in the wrong place but I'm in a big mess.
My partner and I got a mortgage in principle and found a property, offer accepted etc.... survey done, searches done bla bla.
Just found out that due to a clerical error, they are droppping the offer by £10k but have also changed the APR. Can they do this is we have the principle offer in writing???
Please, any help here is more than welcome as we may have to turn down the offer and loose the flat which we don't want to do as 1st time buyers.
????????
Clusters
My partner and I got a mortgage in principle and found a property, offer accepted etc.... survey done, searches done bla bla.
Just found out that due to a clerical error, they are droppping the offer by £10k but have also changed the APR. Can they do this is we have the principle offer in writing???
Please, any help here is more than welcome as we may have to turn down the offer and loose the flat which we don't want to do as 1st time buyers.
????????
Clusters
0
Comments
-
agreement in principal's are subject to final approval.
to get some mortgage advice you need to post some details:
salaries. house value, deposit (if any), credit rating.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Yes they can change the APR. The APR you get is the one when you apply for the mortgage - not th eone if force when the agreement in principle is issued.
When you applied for the mortgage what was the rate on your application form? Could they have applied a higher lending charge?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards