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House on market - mortgage 'promise' expiring
hufc2002
Posts: 329 Forumite
hi all
Our house has been on the market now for just over a week. We got a 'Mortgage Promise' from our bank (Lloyds) in October and it is due to expire at the end of the month.
Should we be applying for another DIP at this point? What are the advantages/disadvantages of doing so?
There are a couple of houses that we would like to view (within our budget) but don't really see the point until we have had an offer on ours. Again, should we try an view anyway?
Please help.
Our house has been on the market now for just over a week. We got a 'Mortgage Promise' from our bank (Lloyds) in October and it is due to expire at the end of the month.
Should we be applying for another DIP at this point? What are the advantages/disadvantages of doing so?
There are a couple of houses that we would like to view (within our budget) but don't really see the point until we have had an offer on ours. Again, should we try an view anyway?
Please help.
0
Comments
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Has anything changed since October? If nothing, then no true value in doing so.
Why just restrict to what your bank can offer? Get a broker involved and get them to look across the market for youI am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, 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 advice0 -
We initially went to our bank as I understand that they only do a soft search and just wanted to know that we weren't living in dream land in terms of the price of property we are looking at.
No nothing has changed. Is it worth contacting L&C or should I see a local broker?
What is it likely to cost and should I be doing that now?
Thanks0
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