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Mortgage application binding
w00519772
Posts: 1,297 Forumite
Are you bound to a mortgage after you have gone through an application? My mortgage advisor has advised me to visit the bank to go through a mortgage application after I have placed an offer. It could be a month or more before I exchange.
What would happen if I pulled out e.g. because the survey identifies problems.
What would happen if I pulled out e.g. because the survey identifies problems.
0
Comments
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No. Though you will lose money spent on application fee, valuation, legal costs etc.0
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no but you loose fees paid, i have pulled out last week of one as the survey took five weeks before they can visit0
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