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Halifax stamp duty offer transferable
easilydistracted
Posts: 465 Forumite
Hi all
We are meant to be buying a house but the damp is so much more severe than expected we have had to reduce our offer. This means the deal may fall through. We have ended up quibbling over a relatively small amount, but in a rather bizarre impass where the separating couple we are buying from can not finish their argument about whether to accept or not. This has been going on for a week.
As a result we are likely to be looking at other places. We are so far down the process that have a full mortgage offer. This is for Halifax's first time buyer stamp duty paid deal which we got just before it closed. The offer is valid till end of November.
Does anyone know that if the house does fall through, can we trasnfer this deal, or will we lose it? The mortgage advisor and I have been missing eachother for days. Thanks
We are meant to be buying a house but the damp is so much more severe than expected we have had to reduce our offer. This means the deal may fall through. We have ended up quibbling over a relatively small amount, but in a rather bizarre impass where the separating couple we are buying from can not finish their argument about whether to accept or not. This has been going on for a week.
As a result we are likely to be looking at other places. We are so far down the process that have a full mortgage offer. This is for Halifax's first time buyer stamp duty paid deal which we got just before it closed. The offer is valid till end of November.
Does anyone know that if the house does fall through, can we trasnfer this deal, or will we lose it? The mortgage advisor and I have been missing eachother for days. Thanks
Saving for a deposit. £5440 of £11000 saved so far:j
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Comments
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You can change properties quite easily and retain the product. You'll have to pay another valuation fee and meet the compeltion deadline, though.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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kingstreet wrote: »You can change properties quite easily and retain the product. You'll have to pay another valuation fee and meet the compeltion deadline, though.
Hi thanks for this. Unfortunately computer says no. Apparently we can transfer the mortgage easily enough as you say, but not with the incentive. Luckily we have a savetobuy with Nationwide where we would get a £1000 bonus
CheersSaving for a deposit. £5440 of £11000 saved so far:j0 -
Why can't you transfer the incentive?
If you have an application or an offer using the correct product code, there should be no need to pick a different product.
I'll check this tomorrow.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 -
I wondered if you had any luck with this please? I also noticed that if we continue with Halifax we may get our original valuation fee refunded. Does anyone know if this sounds right?Saving for a deposit. £5440 of £11000 saved so far:j0
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If I call to ask about something else, I'll ask about this.
I'm sorry, but I'm not spending half an hour or more on hold to an 0845 number unless it's necessary...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 -
Inevitably I will call Halifax about something today, so I will try and ask too.
Just called and a new property means a new product I am afraid.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Hmm this gets more and more bizarre. Thanks for checking. However I rang them today. They double checked and told me I could transfer it and seemed surprised at the question. This was following call handler going off to ask. I do have full mortgage offer. I am getting sooooo confused! I even asked them to look up our offer specifically and they said no need to, as long as it's in the time the mortgage offer is valid. I wish they would get their facts straight, as I have gone with it being a yes today!Saving for a deposit. £5440 of £11000 saved so far:j0
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Just in case this comes up for anyone in the future, have called helpline twice and then gone back to contact at the bank and the deal IS transferable. Valuation fee also refundale if we proceed with Halifax in the future being FTBsSaving for a deposit. £5440 of £11000 saved so far:j0
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