Renewing mortgage offer

fashionvictim

We had a valuation and mortgage offer with Halifax in September -our existing lender. Due to all the messing around regarding a completion date we have still not exchanged and the offer is expiring this month.

I ended up changing jobs, which I had to, so I told the the mortgage person who did our offer at Halifax. They said fine as information was correct at time of application. I had no gap in employment and my salary is the the same so all was ok.

Now the same person is telling me my offer was made void but me changing jobs so I cannot simply renew it. :mad: I don't understand what else I could do, as I told them. I have an email thread sent them all the details and offer letter and spoke on the phone.

So trying to get new offer, and they say it has to go through underwriters now and asking for much more paperwork and it's taking sooo long.

Anyone had this situation? How long did the new offer take? Nothing else has changed.

betmunch

They just need to redo the underwriting on your new job.


Lucky you are with a lender that will accept this as other wouldn't.


It will take as long as it takes. They will most likely need reference from your HR department confirming various details about your appointment.


You have been let down by the person handling your application as it is not "fine as information was correct at time of application" its a material change and they need to be notified when it happens. If they had been they could have done all the stuff already which is delaying you now.

amnblog

Bet munch is right.

Knuckle down and give Halifax the information they ask for and matters should be resolved.

fashionvictim

Employment check is done, but apparently now application has to looked at rather than being approved automatically?!

Just under a lot of pressure to exchange and of course cant do that without a mortgage offer. New builds want this within 28 day exchange and they will wait if they see progress, but only so long. It's over 3 months past their deadline now!! Although it should of been built and finished by now which is another story.

I thought a new build would be easy, but with various situations between the builder changing dates, not communicating, our buyer changing from cash to mortgage, me changing jobs, and us refusing to exchange without a long stop date it's been pretty stressful.

Seems the builder expects everyone to be carefree cash buyers in no rush!