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Received mortgage offer today for new build ready in September >>

We are due to sign the missives next week, but I am wondering what happens if I sign the missives and the lender withdraws their offer?

Can that happen?

Comments

  • Let_Us_See
    Let_Us_See Posts: 1,319 Forumite
    Yes, but only for a material change in circumstances. Do you foresee such a change?
  • *Kat*
    *Kat* Posts: 1,829 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Let_Us_See wrote: »
    Yes, but only for a material change in circumstances. Do you foresee such a change?

    What do you mean by material change? Like, if I lose my job or we take out a loan or something?

    No we won't do any of that stuff, I just wish once we have the offer that it was set in place so I can relax lol
  • hieveryone
    hieveryone Posts: 3,861 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    *Kat* wrote: »
    We are due to sign the missives next week, but I am wondering what happens if I sign the missives and the lender withdraws their offer?

    Can that happen?

    For this exact reason I delayed signing my missives as long as I possibly could. The builders weren't happy of course, but I delayed until approx. 1 week before completion.


    Bought is to buy. Brought is to bring.
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