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Mortgage Offer

As FTB we received a mortgage offer from Natwest for a property we had an offer accepted and survey completed, the deal subsequently fell through when the vendor pulled the house from the market. We're now on the lookout for another property and intend to look in and around the same price bracket, once we've found one do we need to go through another full mortgage application or do we just pick it up from valuation stage and let the lender know of the address change? What would happen if the house was slightly more in value (10/15k on a 250k mortgage)?

Comments

  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Have you asked your lender?
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • mierzwin
    mierzwin Posts: 20 Forumite
    Most likely it will be full new application. I had it that way with Nationwide. They will want to check if your situation hasn't changed during the time you were dealing with first purchase.
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