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Mortgage
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Hi all
Wonder if anyone can clear something up for me.
We were buying a house and had our mortgage offer etc. The vendor pulled out on exchange day so we lost the house we were buying.
We have just managed to find another property and had an offer accepted at the weekend. What I am asking is do we have to do through the whole mortgage offer again or can we just lent our lender know the revised property details, it is some 30k less than the house we actually lost.
Hope that makes sense.
Vicky :j
Wonder if anyone can clear something up for me.
We were buying a house and had our mortgage offer etc. The vendor pulled out on exchange day so we lost the house we were buying.
We have just managed to find another property and had an offer accepted at the weekend. What I am asking is do we have to do through the whole mortgage offer again or can we just lent our lender know the revised property details, it is some 30k less than the house we actually lost.
Hope that makes sense.
Vicky :j
0
Comments
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It depends on the lender.
Some will just take the new house details and order a new valuation.
Others will require a full application.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
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