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
Switching mortgage provider
easilydistracted
Posts: 465 Forumite
The house we are buying appears to have fallen through. We will have confirmation tomorrow, but it looks like it is being withdrawn from the market. We will need to switch from Halifax to Natiowide to get a decent deal again. We actually had a full mortgage application approved with Halifax. I am wondering how likely it is that this switch will have a massive impact on my credit rating? The mortgage was only just agreed and we haven't found somewhere new yet, but will likely be making another full application within a couple of months of the last. Will this affect things being approved. Good credit rating for me and my partner, but 90% mortgage and I have not been in my job long. Thanks all
Saving for a deposit. £5440 of £11000 saved so far:j
0
Comments
-
Why switch? bird in the hand etcI 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 -
Losing a £2000 stamp duty incentive and getting a better rate and a £1000 Savetobuy cashback deal. Means we can increase our budget and get somewhere that's not falling to pieces
Saving for a deposit. £5440 of £11000 saved so far:j0 -
Why do you think you'll lose the stamp duty incentive?
If you simply change properties, you should still have until the drawdown deadline stated on your mortgage offer to complete and still qualify for the incentive.
I've just looked at one of mine and it's 28 February 2014.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards