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Changing Mortgage in Case of Sale Fall through
eagerftb
Posts: 95 Forumite
The property we were buying has fallen through due to seller pulling out. The mortgage offer was approved. How will the process work if we find another property in similar price range? I know the survey etc will have to be done on the new property. Does this count as new mortgage application or will the previous offer help?
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Comments
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Normally it's just a change of property form and new valuation fee to pay. It does vary from lender to lender, so you really need to ask yours.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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Thanks for the reply kingstreet. Ours is with Halifax and valid till April 2014. Do you have any idea if Valuation Only surveys are quicker than Home Buyers survey?0
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Colleys have more surveyors qualified to do the basic mortgage report and valuation only and this seems to ensure the basic inspections and reports are done more quickly.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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