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First time buyer - Mortgage in principal has expird
shirleyboy1984
Posts: 1 Newbie
Hi,
I am a first time buyer and have been looking for flats in Bristol for the past few months. Yesterday I put an offer in for one that I liked and the estate agents have asked for a mortgage-in-principal. Now upon digging it out (the one I got from HSBC) from last August I realised that it expired in September, something I did not notice at the time (admittedly my fault). Now nothing has changed in my circumstance since then except that I have more money for a deposit! They're now asking me to get a new mortgage in principal by Tuesday, which is going to be unlikely given that it's a bank holiday weekend.
What are my options here? Should I have already sorted my mortgage before I found a flat?
I am a first time buyer and have been looking for flats in Bristol for the past few months. Yesterday I put an offer in for one that I liked and the estate agents have asked for a mortgage-in-principal. Now upon digging it out (the one I got from HSBC) from last August I realised that it expired in September, something I did not notice at the time (admittedly my fault). Now nothing has changed in my circumstance since then except that I have more money for a deposit! They're now asking me to get a new mortgage in principal by Tuesday, which is going to be unlikely given that it's a bank holiday weekend.
What are my options here? Should I have already sorted my mortgage before I found a flat?
0
Comments
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You have no otions. Get a new aip and application in asap.0
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If you went direct to HSBC you will need to contact them again on Tuesday and take it from there.
If you use a broker you can probably find one online who could get you a DIP ready for Tuesday morning.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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