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Two possible properties - one mortgage application
zipp
Posts: 59 Forumite
Hi everyone,
My partner and i are first time buyers. We have been looking for a flat for over two years on and off and finally found one that we both love.
We made an offer subject to survey which was accepted and are now in the process of waiting for the mortgage evaluation survey.
In the mean time, we continued looking at properties and yesterday found another very lovely flat which is also perfect for us.
Our questions are:
Should we place an offer on this new property? If we do so how might this affect our current mortgage application?
Is it usual/possible to apply for a mortgage on one property and then apply that to another property?
We don't wish to appear flaky/unreliable to the mortgage provider but we also don't want to miss the opportunity buying the new property if the first property we made an offer on is denied or the evaluation throws up problems etc.
Any advice is most appreciated
many thanks
Zipp
My partner and i are first time buyers. We have been looking for a flat for over two years on and off and finally found one that we both love.
We made an offer subject to survey which was accepted and are now in the process of waiting for the mortgage evaluation survey.
In the mean time, we continued looking at properties and yesterday found another very lovely flat which is also perfect for us.
Our questions are:
Should we place an offer on this new property? If we do so how might this affect our current mortgage application?
Is it usual/possible to apply for a mortgage on one property and then apply that to another property?
We don't wish to appear flaky/unreliable to the mortgage provider but we also don't want to miss the opportunity buying the new property if the first property we made an offer on is denied or the evaluation throws up problems etc.
Any advice is most appreciated
many thanks
Zipp
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