Mortgage Offer - Can it be withdrawn

JD1987b

I have recently received my mortgage offer from my provider and am due to exchange a week today and complete in 2.5 weeks.

I have been asked by a close family member to put some money in my bank to transfer to a foreign account/currency in their name (as they are immigrating) they don't want the money going through their bank as they only have a business account and not a personal one and the funds are nothing to do with their business.

In the unlikely event that my mortgage offer was audited prior to cmpletion would this transaction of a large amount of money going in and out my account in short period of time cause concern?

Thanks in advance

AnotherJoe

Possibly, and I certainly wouldn't chance it until completion.

It sounds very dodgy anyway. Why does some one who runs a business not have a personal account, why do they care it doesn't go through their business account if they are emigrating and what did they do about personal money before?

I suggest you give it a miss.

p.s. To answer your subject question directly, yes a mortgage offer can certainly be withdrawn. But in your case I'd be equally conncerned about a money laundering investigation. You may not be aware but if a bank suspect money laundering they can close your account with no explanation and no notice. Plenty of posts on that here.

What you describe looks like a great opportunity for that to happen, so even if the mortgage went through, I wouldn't want to see you perhaps two months down the line, asking here about why your bank has frozen your account. You may be perfectly innocent, your relative may be perfectly innocent, and plenty of perfectly innocent people have had accounts closed due merely to suspicions of money laundering.