We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Current mortgage and Brexit result???

poppy1010
poppy1010 Posts: 50 Forumite
in Mortgages & endowments
My first question, since the result this morning is.........................

...............does this effect our current mortgage (Halifax) offer at all? (exchanged awaiting September completion).

?????

I have no idea but am worried! do you think banks will pull offers or anything?

Thank you in advance.

Comments

  • poppy1010
    poppy1010 Posts: 50 Forumite
    Anyone have any thoughts?
  • Asomodai
    Asomodai Posts: 10 Forumite
    Possibly. Is this a mortgage in principle, an offer or an accepted mortgage?
  • poppy1010
    poppy1010 Posts: 50 Forumite
    This is a full mortgage offer (we have already exchanged). Awaiting completion in September (new build)
  • Asomodai
    Asomodai Posts: 10 Forumite
    poppy1010 wrote: »
    This is a full mortgage offer (we have already exchanged). Awaiting completion in September (new build)

    Should be fine, they may try and go through your credit check with a fine tooth comb if they wanted to get out of it, but as long as there are no inaccuracies you haven't a problem.

    The only way they can rescind the offer is if you have been dishonest in your finances.
  • whatbrettdid
    whatbrettdid Posts: 3 Newbie
    I am in the same boat. Part of me is considering pulling the plug. I am concerned I agree to exchange and then house prices tumble.
  • poppy1010
    poppy1010 Posts: 50 Forumite
    Asomodai wrote: »
    Should be fine, they may try and go through your credit check with a fine tooth comb if they wanted to get out of it, but as long as there are no inaccuracies you haven't a problem.

    The only way they can rescind the offer is if you have been dishonest in your finances.

    Ok will be fine then. Nothing to hide at all.

    Only thought I had is what poster above has said. Would the lender be worried house price will fall and pull out? or demand another survey maybe? if it helps we're not bothered and want to complete still.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Asomodai wrote: »
    The only way they can rescind the offer is if you have been dishonest in your finances.

    I think lenders generally reserve the right to withdraw their offers at any time e.g. if interest rates shoot up, don't expect fixed rates to still be available.

    Anything's possible really, we haven't been through this before.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 261K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture