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Mortgage Offer - Will it be withdrawn? If so what happens?

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Comments

  • jayencee
    jayencee Posts: 133 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    amnblog wrote: »
    They wont if they have already assessed and approved the case.

    I am assuming you have already started the new job?

    We had one at work today where this exact thing happened, offer was pulled after exchange of contracts, the chain is now in limbo.
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Don't panic 30Quick

    It is extremely rare.
    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.
  • 30Quick
    30Quick Posts: 8 Forumite
    jayencee wrote: »
    We had one at work today where this exact thing happened, offer was pulled after exchange of contracts, the chain is now in limbo.

    What were the circumstances though? I've disclosed everything
  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    I think you are being paranoid.


    I worked for a lender for 28 years, and I can't remember any offers being randomly withdrawn for no reason.


    It is exceptionally rare for any offer to be withdrawn - the only reason I can think of is if the application was fraudulent.


    You've told them all the information, and the offer has not been affected.


    I don't know what these 'dirty tricks' are that you refer to? It's not something I recognise from the 28 years I worked in mortgages
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • Contemptuous
    Contemptuous Posts: 516 Forumite
    A mortgage offer would never be withdrawn unless the lender had serious concerns re. fraud or similar.

    As a PP has said, I think you're being unnecessarily paranoid. If you've disclosed everything, you shouldn't have anything to worry about.
    Slummy mummy!
  • jayencee
    jayencee Posts: 133 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Don't know the reasons, it wasn't our client, but further along the chain
  • 30Quick
    30Quick Posts: 8 Forumite
    Funds are being released!

    Just spoke to Santander - my conveyancer requested them this morning to complete next Friday. We are not exchanging until Wednesday but both parties (1 house chain) have requested thier funds today in order to complete.

    Nervous but happy.
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