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Mortgage retention - first time buying
original_one
Posts: 2 Newbie
Hi guys. New here. Seen a lot of helpful answers so I thought I would ask here. I am looking to buy a house. First time so I'm not familiar with everything yet. My mortgage surveyor had placed a retention on the mortgage and therefore the mortgage product I chose had been withdrawn as it isn't now available to me and now they have offered a product with a really high interest rate. If I carry out the work they wrote on the report, will this lift the retention and decrease the interest rate back to my initial product rate?
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Comments
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And also can I place an offer lower than my original offer to the agent as the valuation is lower than what I was going to pay for it. If I have to carry out some work this would cost so would I be able to lower my offer now that I've got the valuation report?0
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