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Changing a mortgage offer
SkintnScared
Posts: 145 Forumite
Hi
We have a mortgage offer that runs out at the end of Sept. The house on the offer has just fallen through but we've found another that we love and is actually 20k less. We would still want to borrow the same amount though which is 50k less than the house value and the 50k is made up of savings so still a good LTV.
Would it just be a case of re-surveying the new house and changing the address over or would we have to go for a full new application?
Many thanks
We have a mortgage offer that runs out at the end of Sept. The house on the offer has just fallen through but we've found another that we love and is actually 20k less. We would still want to borrow the same amount though which is 50k less than the house value and the 50k is made up of savings so still a good LTV.
Would it just be a case of re-surveying the new house and changing the address over or would we have to go for a full new application?
Many thanks
Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!! 
It's amazing how fast later comes when you buy now!!!! :eek:
It's amazing how fast later comes when you buy now!!!! :eek:
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Comments
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Depends on the lender concerned.
Halifax = easy peasy.
Nationwide = whole new application.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
HALIFAX
So they will just change it across?Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!!
It's amazing how fast later comes when you buy now!!!! :eek:0 -
It's a simple process.
You'll have to pay another valuation fee but under the valuation promise, the one you paid at the outset will be refunded when the new purchase completes.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Fabulous thanks so much 😁😁Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!!
It's amazing how fast later comes when you buy now!!!! :eek:0
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