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Agreement in Principle reduced - advice please
Sagor
Posts: 47 Forumite
Hi,
I was given an agreement in principle from Halifax, i still have about 3 weeks left on it and we made an offer based on it.
I have gone back to them to get the process rolling as the offer was accepted, but they now say rules have changed and are offering a lot less, about 20%, can i not push it to i only need them to give me around £6000 more than they are offering me.
Will i need to do the whole process with them with a new application, or should i go to a broker or a different bank?
I was given an agreement in principle from Halifax, i still have about 3 weeks left on it and we made an offer based on it.
I have gone back to them to get the process rolling as the offer was accepted, but they now say rules have changed and are offering a lot less, about 20%, can i not push it to i only need them to give me around £6000 more than they are offering me.
Will i need to do the whole process with them with a new application, or should i go to a broker or a different bank?
:cool:
0
Comments
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Something in your profile is now being included in affordability where it wasn't before, such as student loan, childcare, ground rent & service charge.
This is following the "MMR" changes last month.
Can you adjust the term of the mortgage, so you can borrow a little more, or are you at the maximum?
There are very few lenders who will lend more than Halifax, but a broker would be a good idea to ensure you are getting what you can...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 -
for the sake of £600 then just pay a little more as the deposit - that way the amount you are borrowing is in line... AIP's just that its 'in principle'.. once you've offered a full application and survey will be undertaken..0
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its not £600, its £6000, i'll edit the op.:cool:0
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take out a personal loan to cover it?24.06.14 12 st 12 lb (waist 45" at fattest part of belly)
7.10.14 11 st 9 lb
26.02.15 12 st 5 1/2 lb
27.05.15 11 st 5.6 lb
4.8.17 11 st 1lb
Target weight: 10 1/2 stone0 -
Looks like you'll have to try another lender.
I'd suggest a good broker rather than trying a number of lenders at random as that may make things worse.0 -
Reduce down the amount that you offer? can very clearly say that its as high as you can go...0
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