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Mortgage offer withdrawn after exchange

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florinv
florinv Posts: 1 Newbie
in Mortgages & endowments
Hi, i'm Florin. I got a mortgage offer from Santander exchanged contracts and before completion they withdrawn the offer without giving me a reason. Now i don't know what to do. Can i sue the bank for making me lose money? Please help. Thank you

Comments

  • Senior_Paper_Monitor
    Senior_Paper_Monitor Posts: 2,918 Forumite
    Part of the Furniture Combo Breaker
    No you can't - end of !


    If you have used a broker ask them (now)


    If you went direct, find a broker and talk to them (now)


    You are not going to solve your problems wandering around internet forums - good luck
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Rollinghills
    Rollinghills Posts: 342 Forumite
    edited 27 March 2015 at 8:07PM
    Oh my goodness. Yes, you must get in touch via broker if you used one or directly if not. Could it be a mistake? Have you taken out any loans recently / maxed out your credit cards?

    I don't know if you can sue them but I'm sure you have the right to know why this is happening!
  • Landofwood
    Landofwood Posts: 765 Forumite
    Mortgage offers are only withdrawn because of fraud, or a serious change in circumstances.

    If none of the above applies to you, then you have a case to sue them.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You need to find a new mortgage ASAP, so best to find a broker.
    Check your credit reports and see if anything has shown up.
    Changing the world, one sarcastic comment at a time.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    florinv wrote: »
    Hi, i'm Florin. I got a mortgage offer from Santander exchanged contracts and before completion they withdrawn the offer without giving me a reason. Now i don't know what to do. Can i sue the bank for making me lose money? Please help. Thank you

    What did your solicitor say?
  • mrginge
    mrginge Posts: 4,843 Forumite
    edited 28 March 2015 at 8:01AM
    Landofwood wrote: »
    Mortgage offers are only withdrawn because of fraud, or a serious change in circumstances.

    If none of the above applies to you, then you have a case to sue them.

    What is your evidence for this assertion?
  • Teaandtoast0124
    Teaandtoast0124 Posts: 150 Forumite
    There must be a reason why they have withdrew there offer. People would loose thousands of they just pulled out willy nilly???
  • Cornucopia
    Cornucopia Posts: 16,471 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Talk to your Solicitor. I thought that the Lender was a party to the Exchange of Contracts, so that they cannot simply withdraw.

    Not really sure why you are asking on a forum, when you can ask someone who definitely knows what's going on.
This discussion has been closed.
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