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Possibly a very silly question and an obvious answer but....
Claribelle
Posts: 92 Forumite
Hi
I have had a mortgage offered by NatWest for a house that I have an offer in on. However there are a few issues and I'm thinking it might be best to cut my losses now and I'm wondering if I pull out of this house purchase and find another, will my present mortgage offer still cover a house of the same value or would I have to apply for a fresh mortgage?
Many thanks for any help you can give.
I have had a mortgage offered by NatWest for a house that I have an offer in on. However there are a few issues and I'm thinking it might be best to cut my losses now and I'm wondering if I pull out of this house purchase and find another, will my present mortgage offer still cover a house of the same value or would I have to apply for a fresh mortgage?
Many thanks for any help you can give.
0
Comments
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A new mortgage, as a mortgage is secured on a particular property, not just x thousand pounds worth of 'stuff'.0
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They will let you transfer your application, you'll have to pay for a new survey obviously, but you should be able to keep the same rate that you applied for (if they've gone up)Changing the world, one sarcastic comment at a time.0
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