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Mortgage offer a pound short?
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BoBaggins
Posts: 25 Forumite
So we received our mortgage offer and it's a pound short...do we need to worry about this?
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On the purchase price or loan amount?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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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On loan amount0
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Do you reckon you can cover it? :PI am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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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It might break the bank :rofl:0
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I think you need a bridging loan.0
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Youll be fine. Nothing to worry about.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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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I think I'm just a bit concerned that the offer doesn't match the illustration, will the lender have to re-issue it?
Thank you for your replies BTW I'm a FTB and clueless0 -
The illutration is just a quote. The offer is the important document.
The offer will only need to be re-issued if the pound is that important to you.
If you are happy with the offer as it stands then there is nothing to worry about.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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 -
Lovely, thank you...can rest easy now0
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