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Cancelling mortgage application to start a new one?
Pepperoni
Posts: 461 Forumite
We were intending to rent our current property so used a mortgage broker to apply for a BTL mortgage on our current property, and a mortgage with a small deposit on new property (early days, applications submitted last week).
Things have changed and we are now selling our property. We will be requesting that the above mortgage applications are cancelled (and will pay any due fees) and now want to approach our current mortgage provide to port and increase our mortgage for the new property as it works out financially better for us. We previously looked into porting so are not concerned regarding this element of it all.
Will the 'cancelled' applications go against us, or will explaining why they are there and that they've been requested to be cancelled be enough?
Things have changed and we are now selling our property. We will be requesting that the above mortgage applications are cancelled (and will pay any due fees) and now want to approach our current mortgage provide to port and increase our mortgage for the new property as it works out financially better for us. We previously looked into porting so are not concerned regarding this element of it all.
Will the 'cancelled' applications go against us, or will explaining why they are there and that they've been requested to be cancelled be enough?
- [STRIKE]Credit Card: £2,989 / £2,989[/STRIKE]
- Bank Loan: £12,000 / £14,000
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