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Can I transfer this mortgage?

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fimonkey Posts: 1,238 Forumite

29 August 2007 at 12:41PM in Mortgages & endowments

Hi All,

I was about to buy a flat, exchange due next week. I'm a FTb and I had a mortgage agreed with BOS for 105K at 5.70% fixed for 5 years interest only, but allowing repayments of upto 10% of balance per year, arranged through a broker.

Now the sale has fallen through, I've found another property and need to borrow 117K, will I need to start the mortgage process all over again?

(Yes I know, i will contact my broker, but I wanted some info before I did).

Thanks

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