We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Sale fallen through. What happens now?

Options
We applied for a mortgage with Natwest via a MA in late July, which was accepted in early August.


Since then, our vendors have pulled out of the sale. We have found another house and will be putting an offer in tomorrow. My question is, do we have to go through the process of applying for another mortgage all over again, or will the acceptance from Natwest carry over to the new property? I think we'll have to reapply, but my partner thinks otherwise!


Thanks :T

Comments

  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I believe most lenders will allow you to change the property without a new full application, but most will have a limit, maybe 3 months?
    Changing the world, one sarcastic comment at a time.
  • You will definitely be charged a new mortgage valuation for the new property as the previous one only applies to the fallen through house.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.