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Any Mortgage Companies lend where Vendor has owned less than 6 months?
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amy104
Posts: 283 Forumite
As Above. Thanks.
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Comments
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Yes.
(Brokers aren't allowed to 'name names' as it can be seen as leading/advice)I am a mortgage adviser.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.0 -
How far off 6 months are you?
You might be able to make an application and just get to exchange but then complete on the 6th month. Although that would only work if you are say a month or 2 away. If you are 5 away then its a bit awkward.
There will be lenders.I am a Mortgage AdviserYou 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.0 -
That's what we want to do as are happy with our existing mortgage offer but wondered whether there would be a risk of losing the property if someone could get it done quicker. It seems they can so may be best to look into it further and cover ourselves. Thank You.0
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They can, but there are not many lenders for it. It would also mean higher rates for 2 years... just because someone can do it, does not mean they will.I am a Mortgage AdviserYou 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.0
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Thank you.0
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