first time buyer

jasper89

Hi, I need some advice please........ i had a mortgage agreed in principle offer from bank in december some time which has now expired, it was for £170,000. I have just viewed a house at £130,000 and i really like it and would like to make an offer. So my question is can i still make a serious offer even though my agreed in priciple offer no longer stands? im booked in to see mortgage advisor in 9 days time and I dont believe the house will last that long. I will be very thankful for any advice.


P.S english and writing isnt my strong point before i get bullied, hence why im a builder, thanks.

Greg2

We put an offer in without anything in place because we really liked the house and didn't want to lose it. Went to a broker the next day and within 3 weeks had a mortgage offer!

jasper89

im debating whether to put an offer in or not as i have nothing to back it up right now even though i know the amount i need should not be a problem, now that you have said that im now thinking its not wrong to make an offer

Jvic28

I think it's Ok to make an offer as long as you're upfront about the position you're in.

And there's nothing wrong with your writing. Seen much much worse.

:-)

ethank

It is worth speaking to a broker as soon as possible - there has been some changes in the way mortgages are regulated since you last had an AIP.

Thrugelmir

jasper89 wrote: »

P.S english and writing isnt my strong point before i get bullied, hence why im a builder, thanks.

You'll take more abuse for being a builder than you the way you write.

Thrugelmir

An in principle offer is always "subject to". So there's no guarantee of receiving a mortgage offer. What you need to do is submit a full mortgage application as soon as is possible.