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How long does a mortgage offer last
murphster
Posts: 83 Forumite
Hi, I have just received an offer of mortgage from Nat West. I am now unable to proceed with the purchase as my current home (which I was intending to convert to buy to let and rent out) has undervalued by 12.5 % - it seems a house is not worth as much if you want to rent it out than it is to live in. Anyway I can make up the shortfall by around April / May, I know the same house probably wont still be available but if if was could I still have the mortgage or convert it for another house. If not how will my credit rating be affected by these applications.
Old Faithful we roam the range together,
Old Faithful in any kind of weather,
When the round up days are over,
And the Boulevard’s white with clover,
For you old faithful pal of mine.
Giddy up old fella cos the moon is yellow tonight,
Giddy up old fella cos the moon is mellow and bright,
There’s a coyote crying at the moon above,
Carry me back to the one I love,
And you old faithful pal of mine.
Old Faithful in any kind of weather,
When the round up days are over,
And the Boulevard’s white with clover,
For you old faithful pal of mine.
Giddy up old fella cos the moon is yellow tonight,
Giddy up old fella cos the moon is mellow and bright,
There’s a coyote crying at the moon above,
Carry me back to the one I love,
And you old faithful pal of mine.
0
Comments
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Your mortgage offer paperwork from Natwest should have an expiry date on it.I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, 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 -
The offer expires end of December. Do you think if I spoke to them they would honour the offer so to speak. I'm worried how these two applications will effect my credit file and my ability to apply next year, .Old Faithful we roam the range together,
Old Faithful in any kind of weather,
When the round up days are over,
And the Boulevard’s white with clover,
For you old faithful pal of mine.
Giddy up old fella cos the moon is yellow tonight,
Giddy up old fella cos the moon is mellow and bright,
There’s a coyote crying at the moon above,
Carry me back to the one I love,
And you old faithful pal of mine.0 -
People often change their minds. Nothing wrong in that.0
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